Wisconsin § 139.362 - Bad debt deductions.
Full text of Wisconsin Wisconsin Statutes § 139.362 — Bad debt deductions., with citation guidance and answers to common questions.
§ 139.362. Bad debt deductions.
139.362(1) (1) In this section, “bad debt” means an amount that is equal to the purchase price of cigarettes, if such amount may be claimed as a deduction under section 166 of the Internal Revenue Code. “Bad debt” does not include financing charges, interest on the wholesale price of cigarettes, uncollectible amounts on property that remains in the seller’s possession until the full purchase price is paid, expenses incurred in attempting to collect any debt, debts sold or assigned to 3rd parties for collection, and repossessed property. 139.362(2) (2) A person who pays the taxes imposed under this subchapter may claim as a deduction on a return under s.
Frequently Asked Questions About Wisconsin § 139.362
What does Wisconsin Statutes § 139.362 cover?
Section 139.362 ("Bad debt deductions.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 139.362?
A common citation format is "Wisconsin Statutes § 139.362" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 139.362 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.