Wisconsin tax liability definition

Wisconsin tax liability means the gross tax computed under s. 71.23 (1) or (2), Stats.
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Examples of Wisconsin tax liability in a sentence

  • Vendors who have a delinquent Wisconsin tax liability may have their payments offset by the State of Wisconsin.

  • Contractors who have a delinquent Wisconsin tax liability may have their payments offset by the State of Wisconsin.

  • Unfair representation of the degree of business activity in this state” means that the sum of the Wisconsin tax liability of the corporation and its subsidiaries calculated under s.

  • HHA will begin EID on the first day of the month following the effective date of employment.Second Twelve Month Phase-In Exclusion  Qualified families will receive during the second cumulative 12 month period of time after the expiration of the initial cumulative twelve month period as stated above, an exclusion of 50% of any increase of annual income as a result of employment.

  • If WPS has delinquent Wisconsin tax liability, its compensation due under this AGREEMENT may be offset by ETF upon request of the Department of Revenue in the amount of any such delinquent Wisconsin tax liability, subject to WPS’ rights and remedies available under STATE statutes and rules.

  • Vendors who have a delinquent Wisconsin tax liability may have their payments offset by UWM.

  • Non-profit entities may be awarded credits and may transfer those credits to other entities with a Wisconsin tax liability.

  • With reciprocity, after deducting the $10,000 loss, this individual would have a Wisconsin tax liability of $2,000 [($50,000 - $10,000) x 5%].

  • Service Providers who have a delinquent Wisconsin tax liability may have their payments offset by the State of Wisconsin.

  • Consultants which have a delinquent Wisconsin tax liability may have their payments offset by the State.

Related to Wisconsin tax liability

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.