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B. NATIONAL ENTERPRISES.

For the purpose of this study, the term “national enterprise” is presumed to mean a Wisconsin enterprise — i.e., an enterprise carried on by individuals resident in Wisconsin, singly or in partnership, or by a corporation organised in Wisconsin. It would also include a corporation organised in another State but having its principal business in Wisconsin. Such enterprises are taxable in respect of dividends, interest and other items taxable by reason of residence in Wisconsin, and also income from real estate, mining royalties and the sale of tangible personal property and real estate having their situs in Wisconsin and income from transacting business in Wisconsin.

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