223.057 Taxation of common trust funds. No common trust fund established under s. 223.055 or 223.056 shall be subject to taxation as a corporation, association, partnership, limited liability company or individual, but it shall be a fiduciary within subch. II of ch. 71. All income of such trust and all capital gains and losses shall be income received or loss realized to the fiduciary account holding a participation in such common trust fund in accordance with its participation.
History: 1987 a. 312 s. 17; 1993 a. 112.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 223 - Trust company banks and other fiduciaries.
223.01 - Trust company banks, capital.
223.02 - Indemnity fund deposit; errors and omissions insurance.
223.055 - Uniform common trust fund act.
223.056 - Multi-institutional common trust funds.
223.057 - Taxation of common trust funds.
223.07 - Trust service offices.
223.08 - Name of corporation; penalty.
223.10 - Organizations as fiduciaries.
223.105 - Regulation of organizations acting as fiduciaries.
223.12 - Foreign trust company as personal representative or trustee in this state.