Posted: Thursday, 07 March 2013 11:11AM

Tax Reciprocity



Minnesota and Wisconsin are close to hammering out a deal to bring back income tax reciprocity to the two states after it was eliminated a couple of years ago.
           
State Senator Jeremy Miller says the issue affects some 80,000 Minnesotans who work in Wisconsin and a large number of Wisconsin residents who work in Minnesota, especially in the Winona area.

Miller says the two states are close to an agreement that would allow workers to file a single income tax return instead of returns in both states.  Miller says the two states are within $6 million  of reaching an agreement to bring income tax reciprocity back.
           
Last week the two states released benchmark studies that found Wisconsin would owe about $69 million to Minnesota that Minnesota would lose under the agreement.

Filed Under :  
Locations : MinnesotaWisconsin
People : Jeremy Miller
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