Minnesota Official Says No Wisconsin Tax Deal
ST. PAUL (AP) – Minnesota’s top revenue official says a tax deal with Wisconsin is probably off for next year over Minnesota’s demand to be reimbursed for lost revenue.
Minnesota Revenue Commissioner Myron Frans told The Associated Press Thursday that he doesn’t expect any more negotiations before Monday. That’s the deadline for an agreement to revive tax reciprocity between the neighboring states for 2013 taxes.
The impasse means that residents who live in one state and work in the other will still have to file income tax returns in both states.
About 60,000 Wisconsin residents work in Minnesota, and about 20,000 Minnesotans work in Wisconsin.
Wisconsin Revenue Secretary Richard Chandler says in a column released Thursday that Minnesota’s demand to be paid as much as $15 million is “unreasonable.”
(Copyright 2012 by The Associated Press. All Rights Reserved)