MN HF3096

Updates the income tax reciprocity benchmark study to use tax year 2013 data instead of 2011 data, with the report deadline moved from March 1, 2013 to March 1, 2015.

Requires the Minnesota Commissioner of Revenue to initiate negotiations with Wisconsin for an income tax reciprocity agreement effective for tax years beginning after December 31, 2013, with both states assuming equal shares of any discrepancies in tax revenue impacts.

Mandates the commissioner provide proposed reciprocity agreements to legislative tax committee chairs and ranking minority members at least 30 days before finalization and consider their comments.

Appropriates unspecified amounts from the general fund to the Commissioner of Revenue for fiscal years 2014 and 2015 for conducting the reciprocity benchmark study, designated as one-time funding not added to the agency's base budget.