State ex rel. Waldheim & Co. v. Wisconsin Tax Commission

The following opinions were filed June 22, 1925:

Crownhart, J.

The Income Tax Act, ch. 71, Stats., required the appellant to pay an income tax on its net income. It defines “income” to include “all profits derived from the transaction of business.” In the ascertainment of such profits the appellant was required to make a report of its business for the year to the Tax Commission, which Commission is given by law the duty of administering the act. The Commission is authorized “to make such rules and regulations as it shall deem necessary in order to carry out” the provisions of the act. Sec.…