Revenue Commissioner Frans says no agreement reached with Wisconsin on reciprocity

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St. Paul, MN – Minnesota Department of Revenue Commissioner Myron Frans released a statement today saying no agreement has yet been reached between Minnesota and Wisconsin about restoring income tax reciprocity.

His statement is as follows:

“We have made great progress in our discussions about restoring income tax reciprocity between Minnesota and Wisconsin, but no official agreement has been reached with the state of Wisconsin.

“We are continuing to work cooperatively with the Wisconsin Department of Revenue and legislators representing border areas of both states to enhance customer service that will simplify the filing process and allow taxpayers in Minnesota and Wisconsin to comply with each state’s requirements.

“Although some issues have been tentatively resolved, there are still important details that must be negotiated before a new income tax reciprocity agreement for tax year 2013 can be reached.  We have some general agreements regarding the timing of reimbursement payments, but we must finalize those agreements and agree on the calculation of net revenue loss, interest payments and annual adjustments based on population changes.

“Minnesota and Wisconsin are coordinating the completion of a benchmark study to update the number of people crossing the Minnesota-Wisconsin border for work and to estimate the impact on net revenues for each state.

“I look forward to continuing our discussions and will work diligently to reach an official agreement before Oct. 1, 2012. We have agreed to provide an update on our progress by April 15.”