Earlier this month, Gov. Tony Evers signed into law a bill that requires the Wisconsin Department of Revenue (DOR), in conjunction with the Minnesota DOR, to conduct a study on the effects of instituting income tax reciprocity between the two states.
Senate Bill 374, now 2023 Wisconsin Act 147, requires that any income tax reciprocity agreement between Wisconsin and Minnesota applies to wages, salaries, tips and commissions received by persons who reside in this state or Minnesota for at least 183 days during their taxable years and return to their state of residence at least once per month.
The agreement income tax reciprocity agreement between Wisconsin and Minnesota does not have an expiration or termination date, and it is approved by both the governor and the Joint Committee on Finance.