Wisconsin and Minnesota Move Closer to Income Tax Reciprocity

Wisconsin will study options for a new income tax reciprocity agreement with Minnesota under legislation signed by Gov. Tony Evers Thursday.

Evers, a second-term Democrat, signed S.B. 374, which requires the Wisconsin Department of Revenue, in conjunction with Minnesota revenue officials, to conduct a study on the fiscal effects of a new income tax reciprocity pact between the two states more than a decade after a previous agreement ended. The new law requires the two states to consider the number of residents in each who earn income in the other state, the total amount of income earned in each ...