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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 538 - Income tax reciprocity (as proposed to be amended by the A-1 amendment)
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Author:
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Senator Jeremy R. Miller
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 13, 2017
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This bill requires the commissioner of revenue to enter into a reciprocity agreement with Wisconsin if the Wisconsin commissioner of revenue agrees to the calculation of “net revenue loss”. Net revenue loss is defined as the difference between:
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Amount of Minnesota income taxes Minnesota forgoes by not taxing Wisconsin residents on income subject to reciprocity, less cost of providing refundable credits to Wisconsin residents, minus
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Amount of Wisconsin income taxes Wisconsin forgoes by not taxing Minnesota residents on income subject to reciprocity.
Effective beginning in tax year 2018.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/13/2017
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