An estate tax is imposed upon the transfer of all property that is subject to a federal estate tax and that has a taxable situs in this state. The tax imposed is equal to the federal credit against the federal estate tax as finally determined. If only a portion of a decedent’s property has a taxable situs in this state, the tax imposed is the amount obtained by multiplying the federal credit by a fraction the numerator of which is the value of the decedent’s estate that has a taxable situs in this state and the denominator of which is the total value of the property in the estate that qualifies for the federal credit.
Wis. Stat. § 72.02
Estate tax imposed
Applied in 1 court decision — leading case 2008 WI App 2 - Wisconsin Department of Revenue v. Estate of Schweitzer (2007)
Most recently applied in 2008 WI App 2 - Wisconsin Department of Revenue v. Estate of Schweitzer (December 2007)
1987 a. 27; 2001 a. 16
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.