MN SF2798

Updates the income tax reciprocity benchmark study to use tax year 2013 data instead of 2011, with results due to the governor and legislative tax committees by March 1, 2015.

Requires the Minnesota Department of Revenue to study the number of residents earning income across state lines with Wisconsin, total income amounts, and estimated tax revenue changes if reciprocity were resumed.

Directs the commissioner of revenue to initiate negotiations with Wisconsin for an income tax reciprocity agreement effective after December 31, 2013, with both states sharing equally any discrepancies in tax revenue impacts.

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

Appropriates unspecified amounts from the general fund for fiscal years 2014 and 2015 to conduct the benchmark study.