Tax 3.095(4)(a)15. 15. Bonds or notes issued by a local professional football stadium district created under subch. IV of ch. 229, Stats.
Tax 3.095(4)(a)16. 16. Bonds or notes issued by a local cultural arts district created under subch. V of ch. 229, Stats.
Tax 3.095(4)(a)17. 17. Bonds or notes issued by the Wisconsin Aerospace Authority.
Tax 3.095(4)(a)18. 18. Wisconsin Health and Educational Facilities Authority bonds or notes issued under s. 231.03 (6), Stats., on or after October 27, 2007, if the proceeds from the bonds or notes that are issued are used by a health facility, as defined in s. 231.01 (5), Stats., to fund the acquisition of information technology hardware or software.
Tax 3.095(4)(a)19. 19. Bonds or notes issued by a commission created under s. 66.0304, Stats., if any of the following applies:
Tax 3.095(4)(a)19.a. a. The bonds or notes are used to fund multifamily affordable housing projects or elderly housing projects in this state, and WHEDA has the authority to issue its bonds or notes for the project being funded.
Tax 3.095(4)(a)19.b. b. The bonds or notes are used by a health facility, as defined in s. 231.01 (5), Stats., to fund the acquisition of information technology hardware or software, in this state, and the Wisconsin Health and Educational Facilities Authority has the authority to issue its bonds or notes for the project being funded.
Tax 3.095(4)(a)19.c. c. The bonds or notes are issued to fund a redevelopment project in this state or a housing project in this state, and the authority exists for bonds or notes to be issued by an entity described under s. 66.1201, 66.1333, or 66.1335, Stats.
Tax 3.095(4)(a)20. 20. WHEDA bonds or notes, if the bonds or notes are issued to provide loans to a public affairs network under s. 234.75 (4), Stats.
Tax 3.095 Note Note: Under par. (a), interest and dividends payable on certain securities issued on or before January 28, 1987, is exempt from Wisconsin income tax. This is because prior to enactment of 1987 Wis. Act 27, which amended s. 71.05 (1) (a) 1., 1985 Stats., effective with securities issued after January 28, 1987, no modification was provided to add to federal adjusted gross income interest and dividends which were excludable from federal adjusted gross income for any reason other than or in addition to s. 103 of the internal revenue code. Section 71.05 (1) (a) 1., 1985 Stats., was renumbered s. 71.05 (6) (a) 1., Stats., by 1987 Wis. Act 312, effective January 1, 1989.
Tax 3.095(4)(b) (b) Exempt federal securities.
Tax 3.095(4)(b)1.1. Armed Services Housing Mortgage Insurance debentures, 12 USC 1748b (f).
Tax 3.095(4)(b)2. 2. Bank for Cooperative debentures, 12 USC 2134.
Tax 3.095(4)(b)3. 3. Bank repurchase agreements for U.S. Government treasury bills, notes and bonds, if interest is paid by the federal government directly to the taxpayer.
Tax 3.095(4)(b)4. 4. Commodity Credit Corporation bonds, 15 USC 713a-5.
Tax 3.095(4)(b)5. 5. Commonwealth of Puerto Rico public improvement bonds, 48 USC 745.
Tax 3.095(4)(b)6. 6. Farm Credit System Financial Assistance Corporation notes, bonds and debentures, 12 USC 2278b-10 (b).
Tax 3.095(4)(b)7. 7. Federal Deposit Insurance Corporation bonds, 12 USC 1825.
Tax 3.095(4)(b)8. 8. Federal Farm Credit Banks Consolidated Systemwide Securities, 12 USC 2055.
Tax 3.095(4)(b)9. 9. Federal Home Loan Bank bonds, debentures and notes, 12 USC 1433.
Tax 3.095(4)(b)10. 10. Federal Housing Authority debentures, 12 USC 1710 (d) and 1747g (g).
Tax 3.095(4)(b)11. 11. Federal Intermediate Credit Bank debentures, 12 USC 2079.
Tax 3.095(4)(b)12. 12. Federal Land Bank Association bonds, notes and debentures, 12 USC 2055.
Tax 3.095(4)(b)13. 13. Federal Land Bank bonds, 12 USC 2055.
Tax 3.095(4)(b)14. 14. Federal Reserve Bank dividends, 12 USC 531.
Tax 3.095(4)(b)15. 15. Federal Savings and Loan Insurance Corporation bonds, 12 USC 1725 (e).
Tax 3.095(4)(b)16. 16. Financial Assistance Corporation bonds, notes and debentures, 12 USC 2278b.
Tax 3.095(4)(b)17. 17. Financing Corporation obligations, 12 USC 1441.
Tax 3.095(4)(b)18. 18. General Insurance Fund debentures issued to acquire housing projects, 12 USC 1747g (g).
Tax 3.095(4)(b)19. 19. General Insurance Fund debentures issued under the War Housing Insurance Law, 12 USC 1739 (d).
Tax 3.095(4)(b)20. 20. General Services Administration Public Building Trust Participation certificates, 31 USC 3124.
Tax 3.095(4)(b)22. 22. Industrial Development bonds of East Samoa, 48 USC 1670.
Tax 3.095(4)(b)23. 23. Panama Canal Zone bonds, 31 USC 743-745.
Tax 3.095(4)(b)24. 24. Production Credit Association debentures, 12 USC 2098.
Tax 3.095(4)(b)25. 25. Proprietary zero-coupon certificates, 31 USC 3124.
Tax 3.095 Note Note: Proprietary zero-coupon certificates include CATS, TIGRs, Cougars, ETRs, Lions, STARs, Zebras, etc.
Tax 3.095(4)(b)26. 26. Puerto Rico Aqueduct and Sewer Authority revenue bonds, 48 USC 745.
Tax 3.095(4)(b)27. 27. Puerto Rico Electric Power Authority electric revenue bonds, 48 USC 745.
Tax 3.095(4)(b)28. 28. Puerto Rico Electric Power Authority power revenue bonds, 48 USC 745.
Tax 3.095(4)(b)29. 29. Puerto Rico Highway Authority revenue bonds, 48 USC 745.
Tax 3.095(4)(b)30. 30. Puerto Rico Industrial Development Company bonds, 48 USC 745.
Tax 3.095(4)(b)31. 31. Puerto Rico Municipal Finance Agency 1974 Series A bonds, 48 USC 745.
Tax 3.095(4)(b)32. 32. Puerto Rico Ports Authority revenue bonds, 48 USC 745.
Tax 3.095(4)(b)33. 33. Puerto Rico Public Buildings Authority public education and health facility bonds, 48 USC 745.
Tax 3.095(4)(b)34. 34. Puerto Rico Public Buildings Authority revenue bonds, 48 USC 745.
Tax 3.095(4)(b)35. 35. Puerto Rico Telephone Authority revenue bonds, 48 USC 745.
Tax 3.095(4)(b)36. 36. Puerto Rico Water Resource Authority Series B debentures, 48 USC 745.
Tax 3.095(4)(b)37. 37. Resolution Funding Corporation bonds, 12 USC 1441b (f) (7).
Tax 3.095(4)(b)38. 38. Student Loan Marketing Association obligations, 20 USC 1087-21.
Tax 3.095(4)(b)39. 39. Tennessee Valley Authority bonds, 16 USC 831n-4 (d).
Tax 3.095(4)(b)40. 40. Territory of Hawaii bonds.
Tax 3.095(4)(b)41. 41. Territory of Puerto Rico bonds, 48 USC 745.
Tax 3.095(4)(b)42. 42. United States Postal Service bonds, 39 USC 2005.
Tax 3.095(4)(b)43. 43. United States savings bonds, 31 USC 3124.
Tax 3.095(4)(b)44. 44. United States Treasury bills and notes, 31 USC 3124.
Tax 3.095(4)(b)45. 45. University of Puerto Rico university system revenue bonds, 48 USC 745.
Tax 3.095(4)(b)46. 46. Virgin Islands general obligation bonds, 48 USC 1574 (b) (ii) (A).
Tax 3.095(4)(b)47. 47. Virgin Islands Public Improvement bonds, 48 USC 1574 (b) (i).
Tax 3.095(5) (5)Taxable securities. Interest and dividends payable on the following securities shall be subject to the Wisconsin income tax on individuals and fiduciaries:
Tax 3.095(5)(a) (a) Taxable state and municipal government securities.
Tax 3.095(5)(a)1.1. District of Columbia Development Land Agency bonds, 42 USC 1452.
Tax 3.095(5)(a)2. 2. District of Columbia general obligation bonds issued after January 28, 1987, D.C. Code 47-33.
Tax 3.095(5)(a)3. 3. Municipal bonds.
Tax 3.095(5)(a)4. 4. Public housing agency bonds issued after January 28, 1987, and by agencies located outside Wisconsin. Public housing agency bonds issued on or prior to January 28, 1987, by agencies located outside Wisconsin where the interest from the bonds qualifies for exemption from federal income taxation solely because of section 103 of the internal revenue code.
Tax 3.095(5)(a)5. 5. Robert F. Kennedy Stadium bonds, D.C. Code 2-1720 et seq.
Tax 3.095(5)(a)6. 6. Transit bonds of the Washington Metropolitan Area Transit Authority.
Tax 3.095(5)(a)7. 7. Wisconsin Health Education Assistance Loan revenue obligation bonds, s. 39.374, Stats.
Tax 3.095(5)(a)8. 8. WHEDA bonds issued after January 28, 1987, and all business development revenue bonds, economic development revenue bonds and CHAP housing revenue bonds issued by WHEDA, regardless of when issued, unless specifically exempt by law, ch. 234, Stats.
Tax 3.095(5)(b) (b) Other taxable securities.
Tax 3.095(5)(b)1.1. Asian Development Bank bonds, 22 USC 290i-9.
Tax 3.095(5)(b)2. 2. College Construction Loan Insurance Association obligations, 20 USC 1132.
Tax 3.095(5)(b)3. 3. Environmental Financing Authority obligations, 33 USC 1281.
Tax 3.095(5)(b)4. 4. Export-Import Bank of the United States debentures, 12 USC 635.
Tax 3.095(5)(b)5. 5. Farmer's Home Administration insured notes, 7 USC 1928 and 1929.
Tax 3.095(5)(b)6. 6. Federal Assets Financing Trust participation certificates, 12 USC 1717 (c).
Tax 3.095(5)(b)7. 7. Federal Financing Bank bonds, 12 USC 2288.
Tax 3.095(5)(b)8. 8. Federal Home Loan Bank dividends, 12 USC 1426 and 1436.
Tax 3.095(5)(b)9. 9. Federal Home Loan Mortgage Corporation obligations, 12 USC 1455.
Tax 3.095(5)(b)10. 10. Federal National Mortgage Association certificates, 12 USC 1718.
Tax 3.095 Note Note: In 1968, the Federal National Mortgage Association became 2 separate corporations. One corporation retained the original name and the other is known as the Government National Mortgage Association.
Tax 3.095(5)(b)11. 11. Federal National Mortgage Association dividends, 12 USC 1719.
Tax 3.095(5)(b)12. 12. Government National Mortgage Association, or Ginnie Mae, bonds, 12 USC 1720 and 1721.
Tax 3.095(5)(b)13. 13. HUD/New Communities Program obligations, 42 USC 4514.
Tax 3.095(5)(b)14. 14. Insured Merchant Marine bonds, 46 USC 1273.
Tax 3.095(5)(b)15. 15. Inter-American Development Bank bonds, 22 USC 283.
Tax 3.095(5)(b)16. 16. Interest paid on deposits in any federal bank or agency.
Tax 3.095(5)(b)17. 17. International Bank for Reconstruction and Development bonds, also known as World Bank bonds, 22 USC 286.
Tax 3.095(5)(b)18. 18. Rural Telephone debentures, 7 USC 947 (a).
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