Court of Appeals of Wisconsin December 28, 2001, 01-0488 (Borge v. Wisconsin Tax Appeals Commission)

ROGGENSACK, J.

¶ 1. The issue presented on this appeal is whether distributions received by the shareholders of a mutual fund that invests in state and local bonds are included as taxable income for purposes of the Wisconsin income tax. We conclude that Wis. Stat. § 71.05(6)(a) 1 (1999-2000)

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unambiguously requires taxpayers to include in their Wisconsin adjusted gross income "any interest.. .