71.46 – Rates of taxation.
71.46 Rates of taxation. (1) The taxes to be assessed, levied and collected upon Wisconsin net incomes of corporations shall be computed at the rate of 7.9 percent. (2) The corporation franchise tax imposed under s. 71.43 (2) and measured by Wisconsin net income shall be computed at the rate of 7.9 percent. (3) The […]
71.47 – Credits.
71.47 Credits. (1) Community development finance credit. (a) Any corporation which contributes an amount to the community development finance authority under s. 233.03, 1985 stats., or to the housing and economic development authority under s. 234.03 (32) and in the same year purchases common stock or partnership interests of the community development finance company issued […]
71.48 – Payments of estimated taxes.
71.48 Payments of estimated taxes. Sections 71.29 and 71.84 (2) shall apply to insurers subject to taxation under this chapter. History: 1987 a. 312.
71.49 – General provisions.
71.49 General provisions. (1) Computation order. Notwithstanding any other provisions in this chapter, corporations computing liability for the tax under s. 71.43 (1) or (2) shall make computations in the following order: (a) Tax under s. 71.43 (1) or (2). (b) Manufacturing sales tax credit under s. 71.47 (3). (bb) Manufacturing investment credit under s. […]
71.42 – Definitions.
71.42 Definitions. In this subchapter: (1b) “Aggregate effective tax rate” means the sum of the effective tax rates imposed by a state, U.S. possession, foreign country, or any combination thereof, on the person or entity. (1g) “Corporation” means insurance corporations, insurance joint stock companies, insurance associations and insurance common law trusts, unless the context requires […]
71.43 – Imposition of tax.
71.43 Imposition of tax. (1) Income tax. For the purpose of raising revenue for the state and the counties, cities, villages and towns, there shall be assessed, levied, collected and paid a tax as provided under this chapter on all Wisconsin net incomes of corporations that are not subject to the franchise tax under sub. […]
71.44 – Filing returns; extensions; payment of tax.
71.44 Filing returns; extensions; payment of tax. (1) Filing returns. (a) Every corporation, except a corporation all of whose income is exempt from taxation and except as provided in sub. (1m), shall furnish to the department a true and accurate statement, on or before the date on which the corporation is required to file for […]
71.45 – Income computation.
71.45 Income computation. (1) Exempt and excludable income. There shall be exempt from taxation under this subchapter income as follows: (a) Income of insurers exempt from federal income taxation pursuant to section 501 (c) (15) of the internal revenue code, town mutuals organized under or subject to ch. 612, foreign insurers, and domestic insurers engaged […]