76.48 Cross-reference
Cross Reference: See also ch.
TA 1, Wis. adm. code.
76.54
76.54
Motor carriers and urban transit companies; municipal taxation. No city, village or town shall impose a license tax upon either of the following:
76.54(1)
(1) Any common motor carrier of property or of passengers, any contract motor carrier or any private motor carrier on account of any operation of a motor vehicle which is subject to registration or taxation under
ch. 341.
76.54(2)
(2) Any corporation or other person engaged in urban mass transportation of passengers as defined in
s. 71.38.
76.54 History
History: 1987 a. 312 s.
17.
INSURERS
76.60
76.60
Fire and marine insurers; license fees. Every insurer doing a fire or marine insurance business, other than domestic insurers and insurers excepted under
s. 76.61, shall pay to the state, in respect to marine insurance a tax of 0.5% and in respect to fire insurance a tax of 2.375% on the amount of its gross premiums, as calculated under
s. 76.62. In case any insurer discontinues business in this state and reinsures the whole or a part of its risks without making payment of this tax, the insurer accepting such reinsurance shall pay the tax. If several insurers make such reinsurance the tax shall be apportioned among the insurers in proportion to the original premiums upon the business in this state so reinsured by each such insurer. Upon the payment of the tax provided in this section, and the fees required by
s. 601.31, such insurer may be licensed to transact its business until May 1 in the ensuing year, unless before then its license is revoked or forfeited according to law.
76.60 History
History: 1971 c. 125;
1979 c. 102 s.
20; Stats. 1979 s. 76.60;
1989 a. 31.
76.61
76.61
Town mutual insurers; taxes, charges, dues and license fees. No town mutual insurer organized under or subject to
ch. 612 shall be required to pay any taxes, charges, dues or license fees to the state except those charges and dues provided for in
ss. 601.31,
601.32,
601.45 and
601.93.
76.61 History
History: 1971 c. 125;
1973 c. 243;
1975 c. 372 s.
41;
1979 c. 102 ss.
21,
236 (3), (4); Stats. 1979 s. 76.61.
76.62
76.62
License fees; calculation of. All license fees and taxes levied under any provision of law upon gross premiums other than life insurance premiums against any insurer shall be uniformly calculated on the amount of gross premiums received for direct insurance less return premiums and cancellations and returns from savings and gains on all insurance other than reinsurance by the insurer during the preceding year in this state.
76.62 History
History: 1979 c. 102 s.
22; Stats. 1979 s. 76.62;
1989 a. 31.
76.63
76.63
Casualty insurance; license fees. 76.63(1)
(1) Every insurer doing a casualty or surety business, other than domestic insurers and insurers exempted under
s. 76.61, shall pay to the state 2% of its gross premiums, as calculated under
s. 76.62, on all policies or contracts which have been written on the lives of residents or on property in this state.
76.63(2)
(2) Every domestic stock insurer which insures against financial loss by reason of nonpayment of principal, interest and other sums agreed to be paid under the terms of any note or bond or other evidence of indebtedness secured by a mortgage, deed of trust or other instrument constituting a lien or charge on real estate shall pay to the state on or before March 1 in each year 2% of its gross premiums, as calculated under
s. 76.62, on all policies or contracts which have been written on the lives of residents or on property in this state.
76.63 History
History: 1971 c. 125;
1975 c. 372;
1979 c. 102 s.
23; Stats. 1979 s. 76.63;
1989 a. 31.
76.635(2)
(2) Credit. An insurer that makes a certified capital investment may credit against the fees due under
s. 76.60,
76.63,
76.65,
76.66 or
76.67, for 10 years beginning with the year of the investment, either 10% of that investment or the amount by which the sum of the insurer's certified capital investments and the insurer's qualified investments exceeds the insurer's qualified investments in the taxable year before the insurer first claimed the credit under this section, whichever is less.
76.635(3)
(3) Carry-forward. If the credit under
sub. (2) is not entirely offset against the fees under
s. 76.60,
76.63,
76.65,
76.66 or
76.67 otherwise due, the unused balance may be carried forward and credited against those fees in the following years to the extent that it is not offset by those fees otherwise due in all the years between the year in which the investment was made and the year in which the carry-forward credit is claimed.
76.635(4)(a)(a) If a certified capital company is decertified, or an investment pool is disqualified, under
s. 560.37 before the certified capital company fulfills the investment requirement under
s. 560.34 (1m) (a) 1. with respect to the investment pool, any insurer that has received a credit under this section with respect to that investment pool shall repay that credit to the commissioner of insurance, for deposit in the general fund, and may not claim more credit in respect to that investment pool.
76.635(4)(b)
(b) If a certified capital company fulfills the investment requirement under
s. 560.34 (1m) (a) 1. with respect to an investment pool but the certified capital company is decertified, or an investment pool is disqualified, under
s. 560.37 before the certified capital company fulfills the investment requirement under
s. 560.34 (1m) (a) 2. for that investment pool, any insurer that has received a credit under this section with respect to that investment pool shall repay all credits that were claimed for taxable years after the taxable year that includes the 3rd anniversary of the investment date of the investment pool and may claim no more credits for taxable years after the taxable year that includes the 3rd anniversary of the investment date of the investment pool.