reglab/housing_qa huggingface dataset:
WI Stat § 71.17 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.17 - General provisions.

71.17  General provisions. (1) Assessment of trust income distributable to nonresident beneficiary. The income of a trust distributable or distributed to a nonresident beneficiary shall be assessed as the income of other nonresidents is assessed. No personal exemptions shall be allowed in assessing the income of such nonresident beneficiary unless that beneficiary makes a complete return under this chapter. (2)  Lien on trust estate; income taxes levied against beneficiary. All income taxes levied against the income of beneficiaries shall be a lien on that portion of the trust estate or interest therein from which the income taxed is derived, and such taxes shall be paid by the fiduciary, if not paid by the distributee, before the same become delinquent. Every person who, as a fiduciary under the provisions of this subchapter, pays an income tax shall have all the rights and remedies of reimbursement for any taxes assessed against him or her or paid by him or her in such capacity, as provided in s. 70.19 (1) and (2). (3)  Liability for payment of taxes due from decedent. Any income, withholding, sales, or use taxes, penalties, interest, and costs found to be due from a decedent, an estate, or a trust for any of the years open to assessment under s. 71.77 and any delinquent income, withholding, sales, or use taxes, penalties, interest, and costs found to be due shall be assessed against and paid by one of the following: (a) The personal representative or trustee.(b) The beneficiaries, in the same ratio that their interest in the estate or trust bears to the total estate or trust, if found to be due after the personal representative or trustee is discharged. (4)  Trusts established or maintained out-of-state; grantor liable for tax. The establishment or maintenance of a trust outside Wisconsin by a Wisconsin resident as grantor, the income from which trust is taxable to the grantor or to any person other than the trust under the internal revenue code, is hereby declared to be a tax avoidance device designed to avoid the legal application of the Wisconsin income tax to income properly taxable to the grantor or such other person. Any Wisconsin resident who is the grantor of such a trust shall be liable for the Wisconsin income tax on the income of such trust which is federally taxable to such grantor or other person under the internal revenue code. (5)  Trusts that are exempt from federal income tax. Trusts exempt from federal income tax pursuant to subtitle A, chapter 1, subchapter F of the internal revenue code shall to the same extent be exempt from taxation under this chapter. (6)  Funeral trusts. If a qualified funeral trust makes the election under section 685 of the Internal Revenue Code for federal income tax purposes, that election applies for purposes of this chapter and each trust shall compute its own tax and shall apply the rates under s. 71.06 (1), (1m), (1n), (1p), or (1q). History: 1987 a. 312; 1989 a. 31; 1997 a. 237; 1999 a. 9; 2001 a. 102; 2013 a. 20; 2015 a. 216.
WI Stat § 71.19 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.19 - Conformity.

71.19  Conformity. Unless specifically provided in this subchapter, partnerships and limited liability companies shall be subject to all of the provisions, requirements and liabilities of this chapter, so far as applicable, unless the context requires otherwise.History: 1987 a. 312; 1993 a. 112.
WI Stat § 71.195 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.195 - Definition.

71.195  Definition. In this subchapter, “partnership" includes limited liability companies and other entities that are treated as partnerships under the Internal Revenue Code, and “partnership" does not include publicly traded partnerships treated as corporations under s. 71.22 (1k). History:  1997 a. 27; 2005 a. 25.
WI Stat § 71.20 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.20 - Filing returns.

71.20  Filing returns. (1) Every partnership shall furnish to the department a true and accurate statement, on or before the date on which the partnership is required to file for federal income tax purposes, not including any extension, under the Internal Revenue Code, in the manner and form and setting forth the facts the department deems necessary to enforce this chapter. A partnership that is the owner of a single-owner entity that is disregarded as a separate entity under section 7701 of the Internal Revenue Code shall include that entity's information on the owner's return under this subchapter. The statement shall be subscribed by one of the partners of the partnership. (1m) Every partnership that is required to file a return under sub. (1) shall, on or before the due date of the return, including extensions, provide a schedule to each partner whose share of income, deductions, credits, or other items of the partnership may affect the partner's tax liability under this chapter. The schedule shall separately indicate the partner's share of each item. (2) Nothing in this section precludes the department of revenue from requiring any person other than a corporation to file an income tax return when in the judgment of the department a return should be filed. (3) Any extension granted by law or by the Internal Revenue Service for the filing of the federal return that corresponds to the return required under sub. (1) extends the time for filing under this section.History: 1987 a. 312, 411; 1993 a. 112; 1997 a. 27; 2009 a. 28; 2017 a. 2.
WI Stat § 71.265 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.265 - Previously exempt corporations; basis and depreciation.

71.265  Previously exempt corporations; basis and depreciation. The Wisconsin adjusted basis of the property of any corporation that has, in any taxable year before it ceases to be exempt from tax under this chapter, taken depreciation or amortization of depreciable property for federal income tax purposes shall be the adjusted basis of that property as computed for federal income tax purposes as of the beginning of the taxable year in which the corporation ceases to be exempt. The corporation may continue, after it ceases to be exempt, to depreciate that property under the method used previously for federal income tax purposes.History: 1987 a. 399; 1987 a. 411 s. 33; Stats. 1987 s. 71.265.
WI Stat § 71.27 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.27 - Rates of taxation.

71.27  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. 71.23 (2) and measured by Wisconsin net income shall be computed at the rate of 7.9 percent.History: 1987 a. 312; 2009 a. 28, 276.
WI Stat § 71.275 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.275 - Rate changes.

71.275  Rate changes. If a rate under s. 71.27 changes during a taxable year, the taxpayer shall compute the tax for that taxable year by the methods applicable to the federal income tax under section 15 of the internal revenue code.History: 1989 a. 31.
WI Stat § 71.32 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.32 - Conformity.

71.32  Conformity. Unless specifically provided in this subchapter, tax-option corporations shall be subject to all of the provisions, requirements and liabilities of this chapter, so far as applicable, unless the context requires otherwise.History: 1987 a. 312.
WI Stat § 71.33 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.33 - Intent.

71.33  Intent. It is the intent of this subchapter and other subchapters relating to the treatment of tax-option corporations and their shareholders to prevent the double inclusion or omission of any item of income, deduction or basis.History: 1987 a. 312.
WI Stat § 71.35 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.35 - Imposition of additional tax on tax-option corporations.

71.35  Imposition of additional tax on tax-option corporations. In addition to the other taxes imposed under this chapter, there is imposed on every tax-option corporation, except a corporation that qualifies for the exception under section 1374 (c) (1) of the internal revenue code and that has not elected to change from tax-option status under s. 71.365 (4) (a) for that taxable year, that has a net recognized built-in gain, as defined in section 1374 (d) (2) of the internal revenue code, during a recognition period, as defined in section 1374 (d) (7) of the internal revenue code as modified by this section, a tax computed under section 1374 of the internal revenue code except that the rate is that under s. 71.27 (2), the net recognized built-in gain is computed using the Wisconsin basis of the assets and the Wisconsin apportionment percentage for the current taxable year, the taxable income is the Wisconsin taxable income and the credit and net operating losses are those under this chapter rather than the federal credits and net operating losses. The tax under this section does not apply if the return is filed pursuant to a federal S corporation election made before January 1, 1987, and the corporation has not elected to change its status under s. 71.365 (4) (a) for any intervening year. If a corporation that elected to change from tax-option status under s. 71.365 (4) (a) subsequently elects to become a tax-option corporation, its recognition period begins with the first day of the first taxable year affected by the subsequent election.History: 1987 a. 312; 1989 a. 31.
WI Stat § 71.362 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.362 - Situs of income.

71.362  Situs of income. (1) All tax-option items of nonresident individuals, nonresident estates and nonresident trusts derived from a tax-option corporation not requiring apportionment under sub. (2) shall follow the situs of the business of the corporation from which they are derived, except that all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in this state shall be allocated to this state. (2) Nonresident individuals, nonresident estates and nonresident trusts deriving income from a tax-option corporation which is engaged in business within and without this state shall be taxed only on the income of the corporation derived from business transacted and property located in this state and losses and other items of the corporation deductible by such shareholders shall be limited to their proportionate share of the Wisconsin loss or other item, except that all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in this state shall be allocated to this state. For purposes of this subsection, all intangible income of tax-option corporations passed through to shareholders is business income that follows the situs of the business, except that all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in this state shall be allocated to this state.History: 1987 a. 312; 1999 a. 9.
WI Stat § 71.37 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.37 - Conformity.

71.37  Conformity. Unless otherwise provided in this subchapter or the context requires otherwise, urban transit companies are subject to this chapter.History: 1987 a. 312.
WI Stat § 71.38 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.38 - Definition.

71.38  Definition. In this subchapter, “urban mass transportation of passengers" means the transportation of passengers by means of vehicles having a passenger-carrying capacity of 10 or more persons including the operator, such capacity to be determined by dividing by 20 the total seating space measured in inches, when such transportation takes place entirely within contiguous cities, villages or towns and in cities, villages or towns contiguous to that in which the carrier has its principal place of business, or within or between cities, villages or towns located within a radius of 10 miles of the city, village or town in which the carrier has its principal place of business, or entirely within one city, village or town contiguous thereto, or within a county having a population of 750,000 or more or within such county and the counties contiguous thereto, or suburban operations classified as such by the department of transportation.History: 1987 a. 312; 1993 a. 16, 246; 2017 a. 207 s. 5.
WI Stat § 71.385 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.385 - Determination of cost.

71.385  Determination of cost. The cost of property used and useful in providing urban mass transportation of passengers and the depreciation accrued on such property shall be determined on the basis of the reports and orders on file with the department of transportation.History: 1987 a. 312; 1993 a. 16.
WI Stat § 71.39 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.39 - Imposition of tax.

71.39  Imposition of tax. (1) Special tax; computation. In lieu of the income and franchise tax rates prescribed in s. 71.27, there shall be assessed, levied and collected upon the taxable income of every corporation whose principal source (defined for purposes of this subchapter as being 50 percent or more) of gross income is the urban mass transportation of passengers a special income tax of 50 percent determined in accordance with this chapter, except that:(a) United States income, excess or war profits and defense taxes shall be allowed as a deduction from gross income to the extent of the total payment actually made during the tax year.(b) A deduction shall be allowed from such taxable income before the imposition of the special tax levied by this section, in an amount equivalent to 8 percent of the amount by which the cost of the property of such corporation used and useful in providing its urban mass transportation of passengers exceeds the cumulated amount of the depreciation accrued against such property as of the end of the fiscal year for which the income or franchise tax return is filed.(c) An amount shall be added to such taxable income, before imposition of the special tax levied by this section, which amount shall be equivalent to the interest paid during the year in the operation of the business from which its income is derived. (2)  Determination of net business loss. The addition to and deductions from income of urban transit companies under sub. (1) shall be used in determining the Wisconsin net business loss of such companies to be offset against the Wisconsin net business income as determined under this section for purposes of s. 71.26 (4).History: 1987 a. 312; 1991 a. 39.
WI Stat § 71.40 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.40 - Filing of returns.

71.40  Filing of returns. The special income tax assessed under this subchapter shall be reported in an income or franchise tax return filed in accordance with this chapter, except as modified by this subchapter. The tax so reported and assessed shall be payable to the department of revenue.History: 1987 a. 312; 1991 a. 39.
WI Stat § 71.43 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|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. (2) and that own property within this state; that derive income from sources within this state or from activities that are attributable to this state; or whose business within this state during the taxable year, except as provided under s. 71.23 (3), consists exclusively of foreign commerce, interstate commerce, or both, or that buy or sell lottery prizes if the winning tickets were originally bought in this state; except as exempted under ss. 71.26 (1) and 71.45 (1) (a). This section shall not be construed to prevent or affect the correction of errors or omissions in the assessments of income for former years under s. 71.74 (1) and (2). (2)  Franchise tax on corporations. For the privilege of exercising its franchise, buying or selling lottery prizes if the winning tickets were originally bought in this state or doing business in this state in a corporate capacity, except as provided under s. 71.23 (3), every domestic or foreign corporation, except corporations specified in ss. 71.26 (1) and 71.45 (1) (a), shall annually pay a franchise tax according to or measured by its entire Wisconsin net income of the preceding taxable year at the rates set forth in s. 71.46 (2). In addition, except as provided in ss. 71.23 (3), 71.26 (1) and 71.45 (1) (a), a corporation that ceases doing business in this state shall pay a special franchise tax according to or measured by its entire Wisconsin net income for the taxable year during which the corporation ceases doing business in this state at the rate under s. 71.46 (2). Every corporation organized under the laws of this state shall be deemed to be residing within this state for the purposes of this franchise tax. All provisions of this chapter and ch. 73 relating to income taxation of corporations shall apply to franchise taxes imposed under this subsection, unless the context requires otherwise. The tax imposed by this subsection on insurance companies subject to taxation under this chapter shall be based on Wisconsin net income computed under s. 71.45, and no other provision of this chapter relating to computation of taxable income for other corporations shall apply to such insurance companies, except for s. 71.255. All other provisions of this chapter shall apply to insurance companies subject to taxation under this chapter unless the context clearly requires otherwise.History: 1987 a. 312; 1989 a. 31; 1999 a. 9; 2007 a. 20; 2009 a. 2.Sub. (2) is discriminatory within the meaning of 31 USC 3124 (1) (a) and in violation of that provision. American Family Mutual Insurance Co. v. DOR, 214 Wis. 2d 577, 571 N.W.2d 710 (Ct. App. 1997), 97-1105.
WI Stat § 71.46 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|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 tax imposed under this subchapter on each domestic insurer on or measured by its entire net income attributable to lines of insurance in this state may not exceed 2 percent of the gross premiums, as defined in s. 76.62, received during the taxable year by the insurer on all policies on those lines of insurance if the subject of that insurance was resident, located or to be performed in this state plus 7.9 percent of the income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in this state.History: 1987 a. 312; 1999 a. 9.
WI Stat § 71.48 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|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.
WI Stat § 71.49 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|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. 71.47 (3t). (bm) Dairy investment credit under s. 71.47 (3n). (bn) Community rehabilitation program credit under s. 71.47 (5k). (c) Research credit under s. 71.47 (4), except as provided under par. (f).(cd) Postsecondary education credit under s. 71.47 (5r).(ce) Water consumption credit under s. 71.47 (5rm).(cn) Biodiesel fuel production credit under s. 71.47 (3h).(cs) Low-income housing credit under s. 71.47 (8b).(d) Research facilities credit under s. 71.47 (5).(db) Super research and development credit under s. 71.47 (4m). (dm) Health Insurance Risk-Sharing Plan assessments credit under s. 71.47 (5g). (dp) Veteran employment credit under s. 71.47 (6n).(ds) Ethanol and biodiesel fuel pump credit under s. 71.47 (5j).(e) Community development finance credit under s. 71.47 (1).(ei) Development zone capital investment credit under s. 71.47 (1dm).(eL) Development zones credit under s. 71.47 (1dx).(ema) Economic development tax credit under s. 71.47 (1dy). (eon) Technology zones credit under s. 71.47 (3g).(eop) Early stage seed investment credit under s. 71.47 (5b).(ep) Supplement to federal historic rehabilitation credit under s. 71.47 (6).(epa) Electronic medical records credit under s. 71.47 (5i).(es) Internet equipment credit under s. 71.47 (5e). (ex) Relocated business credit under s. 71.47 (9s). (ey) Employee college savings account contribution credit under s. 71.47 (10).(f) The total of farmland preservation credit under subch. IX, farmland tax relief credit under s. 71.47 (2m), jobs credit under s. 71.47 (3q), enterprise zone jobs credit under s. 71.47 (3w), business development credit under s. 71.47 (3y), research credit under s. 71.47 (4) (k) 1., and estimated tax payments under s. 71.48. (2)  Elections under internal revenue code. Elections authorized by and made in accordance with the internal revenue code, except an election to file consolidated returns or to claim a credit against federal tax liability rather than a deduction from income, shall be deemed elections for the purpose of applying this chapter. (3)  Penalties. Unless specifically provided in this subchapter, the penalties under subch. XIII apply for failure to comply with this subchapter unless the context requires otherwise.History: 1987 a. 312, 411; 1989 a. 31, 56; 1991 a. 39; 1995 a. 27, 209; 1997 a. 27; 2001 a. 16; 2003 a. 99, 135, 255; 2005 a. 74, 361, 479, 483; 2007 a. 20; 2009 a. 2, 28, 265, 269, 295, 332; 2011 a. 3, 32, 212, 232; 2011 a. 260 ss. 27, 80; 2015 a. 55; 2015 a. 197 s. 51; 2017 a. 59, 176, 197; 2019 a. 54.
WI Stat § 71.51 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 71 - Income and franchise taxes for state and local revenues.|71.51 - Purpose.

71.51  Purpose. The purpose of this subchapter is to provide credit to certain persons who own or rent their homestead, through a system of income tax credits and refunds, and appropriations from the general fund.History: 1987 a. 312.