Chapter 71, INCOME AND FRANCHISE TAXES FOR STATE AND LOCAL REVENUES
99 sections in this chapter.
Wis. Stat. § 71.47 Credits
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71.47 Credits. 71.47(1)(1) Community development finance credit. 71.47(1)(a)(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 i…
Wis. Stat. § 71.48 Payments of estimated taxes
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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.
Wis. Stat. § 71.49 General provisions
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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…
Wis. Stat. § 71.51 Purpose
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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.
Wis. Stat. § 71.52 Definitions
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71.52 Definitions. In this subchapter, unless the context clearly indicates otherwise: (1) “Claimant” means a person who has filed a claim under this subchapter and who was domiciled in this state during the entire calendar year to which the claim for credit under this subchapter…
Wis. Stat. § 71.53 Filing claims
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71.53 Filing claims. (1) ELIGIBILITY FOR CREDIT. (a) Subject to the limitations provided in this subchapter and s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income taxes otherwise due, Wisconsin property taxes accrued, or rent constituting property ta…
Wis. Stat. § 71.54 Computation of credit
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71.54 Computation of credit. (1) HOUSEHOLD INCOME. The amount of any claim filed in 2012 and thereafter and based on property taxes accrued or rent constituting property taxes accrued during the previous year is limited as follows: (am) If the household income was $8,060 or less …
Wis. Stat. § 71.55 General provisions
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71.55 General provisions. 71.55(1)(1) Application of credit against any liability. The amount of any claim otherwise payable under this subchapter may be applied by the department of revenue against any amount certified to the department under s. 71.93 or 71.935 or may be credite…
Wis. Stat. § 71.57 Purpose
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71.57 Purpose. The purpose of ss. 71.58 to 71.61 is to provide credit to owners of farmland which is subject to agricultural use restrictions, through a system of income or franchise tax credits and refunds and appropriations from the general fund. History: 1987 a. 312; 1991 a. 3…
Wis. Stat. § 71.58 Definitions
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71.58 Definitions. In ss. 71.57 to 71.61: (1) “Claimant” means an owner, as defined in s. 91.01 (9), 2007 stats., of farmland, domiciled in this state during the entire year for which a credit under ss. 71.57 to 71.61 is claimed, except as follows: (a) When 2 or more individuals …
Wis. Stat. § 71.59 Filing claims
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71.59 Filing claims. (1) ELIGIBILITY AND QUALIFICATIONS. (a) Subject to the limitations provided in ss. 71.57 to 71.61 and s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income or franchise taxes otherwise due, the amount derived under s. 71.60. If the …
Wis. Stat. § 71.60 Computation
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71.60 Computation. (1) Except as provided in sub. (2), the amount of any claim filed in calendar years based upon property taxes accrued in the preceding calendar year shall be determined as follows: (a) The amount of excessive property taxes shall be computed by subtracting from…
Wis. Stat. § 71.61 General provisions
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71.61 General provisions. 71.61(1)(1) Department may apply credit against any tax liability. The amount of any claim otherwise payable under ss. 71.57 to 71.61 may be applied by the department against any amount certified to the department under s. 71.93 or 71.935 or may be credi…
Wis. Stat. § 71.613 Farmland preservation credit, 2010 and beyond
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71.613 Farmland preservation credit, 2010 and beyond. SUBCHAPTER X WITHHOLDING 71.63 Definitions. 71.64 Employers required to withhold. 71.65 Filing returns or reports. 71.66 Employee exemption certificates. 71.67 General provisions. SUBCHAPTER XI INFORMATION RETURNS 71.68 Defini…
Wis. Stat. § 71.63 Definitions
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71.63 Definitions. In this subchapter, unless the context clearly indicates otherwise: (1) “Department” means the department of revenue. (1m) “Deposit” means mail or deliver funds to the department or, if the department prescribes another method of submitting or if the department…
Wis. Stat. § 71.64 Employers required to withhold
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71.64 Employers required to withhold. (1) WITHHOLDING FROM WAGES. (a) Every employer at the time of payment of wages to an employee shall deduct and withhold from such wages, without regard for federal insurance contributions act deductions therefrom, an amount determined in acco…
Wis. Stat. § 71.65 Filing returns or reports
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71.65 Filing returns or reports. (1) EMPLOYER MUST FURNISH STATEMENT TO EMPLOYEE. (a) Every person, partnership or limited liability company required to deduct and withhold from an employee under the general withholding provisions of this subchapter shall furnish to each such emp…
Wis. Stat. § 71.66 Employee exemption certificates
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71.66 Employee exemption certificates. (1) (a) On or before the date on which an employee commences employment with an employer each employee shall provide his or her employer with a signed withholding exemption certificate relating to the number of withholding exemptions he or s…
Wis. Stat. § 71.67 General provisions
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71.67 General provisions. (1) AGREEMENT WITH U.S. SECRETARY OF TREASURY. The secretary of revenue is authorized to enter into an agreement with the secretary of the treasury INCOME AND FRANCHISE TAXES 71.67 of the United States pursuant to P.L. 82-587 enacted July 17, 1952. (2) P…
Wis. Stat. § 71.68 Definitions
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71.68 Definitions. In this subchapter: (1) “Department” means the department of revenue. (2) “File” means mail or deliver a document that the department prescribes to the department or, if the department prescribes another method of submitting or another destination, use that oth…
Wis. Stat. § 71.70 Rents or royalties
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71.70 Rents or royalties. 71.70(1)(1) Persons other than corporations. Persons other than corporations deducting rent or royalties in determining taxable income shall file a report that shows the amounts and the name and address of each individual who is a resident of this state …
Wis. Stat. § 71.71 Wages subject to withholding
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71.71 Wages subject to withholding. 71.71(1)(1) Statement employer must furnish to employee. 71.71(1)(a)(a) Every person, partnership or limited liability company required to deduct and withhold from an employee under the general withholding provisions of subch. X shall furnish t…
Wis. Stat. § 71.715 Wages not subject to withholding
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71.715 Wages not subject to withholding. 71.72 Statement of nonwage payments. 71.73 General provisions. SUBCHAPTER XII ADMINISTRATIVE PROVISIONS APPLICABLE TO ALL ENTITIES
Wis. Stat. § 71.72 Statement of nonwage payments
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71.72 Statement of nonwage payments. Every resident of this state and every nonresident carrying on activities within this state, whether taxable or not under this chapter, who pays in any calendar year for services performed within this state by an individual remuneration that i…
Wis. Stat. § 71.73 General provisions
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71.73 General provisions. (1) 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. (2) EXTENSIONS. If a person applies for an extension and INCOME AND F…
Wis. Stat. § 71.738 Definitions
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71.738 Definitions. 71.74 Department audits, additional assessments and refunds.
Wis. Stat. § 71.74 Department audits, additional assessments and refunds
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71.74 Department audits, additional assessments and refunds. (1) OFFICE AUDIT. The department shall, as soon as practicable, office audit such returns as it deems advisable and if it is found from such office audit that a person has been over or under assessed, or found that no a…
Wis. Stat. § 71.745 Pass-through entity audits, additional assessments and refunds at the entity level
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71.745 Pass-through entity audits, additional assessments and refunds at the entity level. 71.75 Claims for refund. 71.76 Internal revenue service and other state adjustments. 71.77 Statutes of limitations, assessments and refunds; when permitted.
Wis. Stat. § 71.75 Claims for refund
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71.75 Claims for refund. (1) Except as provided in ss. 49.855, 71.77 (5) and (7) (b) and 71.935, the provisions for refunds and credits provided in this section shall be the only method for the filing and review of claims for refund of income and surtaxes, and no person may bring…
Wis. Stat. § 71.76 Internal revenue service and other state adjustments
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71.76 Internal revenue service and other state adjustments. (1) If for any year the amount of federal net income tax payable, of a credit claimed or carried forward, of a net operating loss carried forward or of a capital loss carried forward of any taxpayer as reported to the in…
Wis. Stat. § 71.77 Statutes of limitations, assessments and refunds; when permitted
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71.77 Statutes of limitations, assessments and refunds; when permitted. (1) Additional assessments and corrections of assessments by office audit or field investigation may be made of income of any taxpayer if notice under s. 71.74 (11) is given within the time specified in this …
Wis. Stat. § 71.775 Withholding from nonresident members of pass-through entities
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71.775 Withholding from nonresident members of pass-through entities. 71.78 Confidentiality provisions. 71.80 General administrative provisions. 71.81 Disclosing reportable transactions. SUBCHAPTER XIII INTEREST AND PENALTIES 71.82 Interest. 71.83 Penalties. 71.84 Addition to the…
Wis. Stat. § 71.78 Confidentiality provisions
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71.78 Confidentiality provisions. 71.78(1)(1) Divulging information. Except as provided in subs. (1g), (4), (4m), (10), and (11), no person may divulge or circulate or offer to obtain, divulge, or circulate any information derived from an income, franchise, withholding, fiduciary…
Wis. Stat. § 71.80 General administrative provisions
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71.80 General administrative provisions. (1) DEPARTMENT DUTIES AND POWERS. (a) The department shall assess incomes as provided in this chapter and in performance of such duty the department shall possess all powers now or hereafter granted by law to the department in the assessme…
Wis. Stat. § 71.81 Disclosing reportable transactions
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71.81 Disclosing reportable transactions. (1) DEFINITIONS. In this section: (a) “Listed transaction” means any reportable transaction that is the same as, or substantially similar to, a transaction, plan, or arrangement specifically identified by the U.S. secretary of the treasur…
Wis. Stat. § 71.82 Interest
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71.82 Interest. (1) NORMAL. (a) In assessing taxes interest shall be added to such taxes at 12 percent per year from the date on which such taxes if originally assessed would have become delinquent if unpaid, to the date on which such taxes when subsequently assessed will become …
Wis. Stat. § 71.83 Penalties
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71.83 Penalties. (1) CIVIL. (a) Negligence. 1. ‘Failure to file.’ In case of failure to file any return required under s. 71.03, 71.24, 71.44, or 71.775 on the due date prescribed therefor, including any applicable extension of time for filing, and upon a showing by the departmen…
Wis. Stat. § 71.84 Addition to the tax
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71.84 Addition to the tax. (1) INDIVIDUALS AND FIDUCIARIES. Except as provided in s. 71.09 (11), in the case of any underpayment of estimated tax by an individual, estate or trust, except as provided under s. 71.09, there shall be added to the aggregate tax for the taxable year i…
Wis. Stat. § 71.85 General provisions
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71.85 General provisions. (1) PENALTIES NOT DEDUCTIBLE. No penalty imposed by this chapter, including penalties imposed under s. 71.83 (1) (a) 3., 4. and 5. and (b) 2., 3. and 4. and (2) (a) 1., 4. and 5., or by subch. III of ch. 77 may be deducted from gross income in arriving a…
Wis. Stat. § 71.87 Definition
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71.87 Definition. In this subchapter, “person feeling aggrieved” and “person aggrieved” include the spouse of a person against whom an additional assessment was made or who was denied a claim for refund for a taxable year for which a separate return was filed and include either s…
Wis. Stat. § 71.88 Time for filing an appeal
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71.88 Time for filing an appeal. (1) APPEAL TO THE DEPARTMENT OF REVENUE. (a) Contested assessments and claims for refund. Except for refunds set off under s. 71.93 in respect to which appeal is to the agency to which the debt is owed, except for refunds set off under s. 71.935 i…
Wis. Stat. § 71.89 Appeal procedures
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71.89 Appeal procedures. (1) If the taxpayer requests a hearing, the additional tax or overpayment shall not become due and payable until after hearing and determination of the tax by the tax appeals commission or disposition of the appeal pursuant to stipulation and order under …
Wis. Stat. § 71.90 Depositing contested amounts
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71.90 Depositing contested amounts. (1) DEPOSIT. The department shall notify any person who files a petition for redetermination that the person may deposit the amount of an additional assessment, including any interest or penalty, with the department, or with a person that the d…
Wis. Stat. § 71.91 Collection provisions
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71.91 Collection provisions. (1) TIME TAXES BECOME DELINQUENT. (a) Income and franchise taxes. Income and franchise taxes shall become delinquent if not paid when due under s. 71.03 (8) (b) and (c), 71.24 (9) or 71.44 (4) (b), and the department shall immediately proceed to colle…
Wis. Stat. § 71.92 Compromises
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71.92 Compromises. (2) Any taxpayer who is unable to pay the full amount of his or her delinquent income or franchise taxes, costs, penalties and interest may apply to the department of revenue to pay such taxes, costs, penalties and interest in installments. Such application sha…
Wis. Stat. § 71.93 Setoffs for other state agencies
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71.93 Setoffs for other state agencies. (1) DEFINITIONS. In this section: (a) “Debt” means all of the following: 1. An amount owed to a state agency, if the amount has been reduced to a judgment or if the state agency has provided the debtor reasonable notice and an opportunity t…
Wis. Stat. § 71.935 Setoffs for municipalities and counties
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71.935 Setoffs for municipalities and counties. 71.94 Penalties. SUBCHAPTER XVI INTERNAL REVENUE CODE UPDATE 71.98 Internal Revenue Code update. INCOME AND FRANCHISE TAXES SUBCHAPTER I TAXATION OF INDIVIDUALS AND FIDUCIARIES
Wis. Stat. § 71.94 Penalties
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71.94 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. SUBCHAPTER XVI INTERNAL REVENUE CODE UPDATE
Wis. Stat. § 71.98 Internal Revenue Code update
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71.98 Internal Revenue Code update. The following federal laws, to the extent that they apply to the Internal Revenue Code, apply to this chapter: (1) HEALTH SAVINGS ACCOUNTS. Sections 106 (d), 220 (f) (5) (A), 223, and 408 (d) (9) of the Internal Revenue Code, all as amended to …