A bill in Wisconsin aims to study the effects of restarting an income tax reciprocity agreement it had with Minnesota that ended more than a decade ago due to delayed payments on one side.
The proposed legislation (SB 374/AB 375) mandates that Wisconsin’s revenue department, along with Minnesota’s revenue agency, assess the potential impacts of reinstating income tax reciprocity, which the two states shared beginning in 1968. The agreement ended in 2010 over late payments from the Wisconsin side. Wisconsin lawmakers have been trying to make amends by restarting a pact for years. ...
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