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). NOTE: Par. (b) is repealed eff. 1-1-32 by 2025 Wis. Act 118.
(bb) Manufacturing investment credit under s. 71.47 (3t). NOTE: Par. (bb) is repealed eff. 1-1-29 by 2025 Wis. Act 118.
(bm) Dairy investment credit under s. 71.47 (3n). NOTE: Par. (bm) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(bn) Community rehabilitation program credit under s. 71.47 (5k). (bt) Community development entity investment credit under s. 71.47 (11). (c) Research credit under s. 71.47 (4), except as provided under par. (f). (cd) Postsecondary education credit under s. 71.47 (5r). NOTE: Par. (cd) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(ce) Water consumption credit under s. 71.47 (5rm). NOTE: Par. (ce) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(cn) Biodiesel fuel production credit under s. 71.47 (3h).
(ds) Ethanol and biodiesel fuel pump credit under s. 71.47 (5j). NOTE: Par. (ds) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(e) Community development finance credit under s. 71.47 (1). NOTE: Par. (e) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(ei) Development zone capital investment credit under s. 71.47 (1dm). NOTE: Par. (ei) is repealed eff. 1-1-43 by 2025 Wis. Act 118.
(eL) Development zones credit under s. 71.47 (1dx). NOTE: Par. (eL) is repealed eff. 1-1-43 by 2025 Wis. Act 118.
(ema) Economic development tax credit under s. 71.47 (1dy). NOTE: Par. (ema) is repealed eff. 1-1-37 by 2025 Wis. Act 118.
(eon) Technology zones credit under s. 71.47 (3g). NOTE: Par. (eon) is repealed eff. 1-1-41 by 2025 Wis. Act 118.
(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). NOTE: Par. (epa) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(epr) Film production company investment credit under s. 71.47 (5h). (eps) Film production services credit under s. 71.47 (5f) (b) 1. and 3. (ey) Employee college savings account contribution credit under s. 71.47 (10). (f) The total of farmland preservation credit under subch. IX, 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., film production services credit under s. 71.47 (5f) (b) 2., long-term care insurance assessment credit under s. 71.47 (12) (d) 2., and estimated tax payments under s. 71.48. NOTE: Par. (f) is shown as amended by 2025 Wis. Acts 118 and 227 and as merged by the legislative reference bureau under s. 13.92 (2) (i).
(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; 2021 a. 127; 2023 a. 138; 2025 a. 15, 118, 183, 191, 227, 242; s. 13.92 (1) (bm) 2.; s. 13.92 (2) (i).
NOTE: Par. (cn) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
SUBCHAPTER VIII
(cs) Low-income housing credit under s. 71.47 (8b). (ct) Additional employer-provided child care credit under s. 71.47 (8s). NOTE: Par. (ct) was created as par. (cu) by 2025 Wis. Act 183 and renumbered to par. (ct) by the legislative reference bureau under s. 13.92 (1) (bm) 2.
(cu) Rail infrastructure modernization credit under s. 71.47 (8t). (cv) Rail infrastructure maintenance credit under s. 71.47 (8v). (d) Research facilities credit under s. 71.47 (5). NOTE: Par. (d) is repealed eff. 1-1-35 by 2025 Wis. Act 118.
(dh) Long-term care insurance assessment credit under s. 71.47 (12), except as provided under par. (f). (dm) Health Insurance Risk-Sharing Plan assessments credit under s. 71.47 (5g). NOTE: Par. (dm) is repealed eff. 1-1-36 by 2025 Wis. Act 118.
(dp) Veteran employment credit under s. 71.47 (6n). NOTE: Par. (dp) is repealed eff. 1-1-34 by 2025 Wis. Act 118.
HOMESTEAD CREDIT Cross-reference: See also ch. Tax 14, Wis. adm. code.