Wisconsin Legislative Council
AMENDMENT MEMO
One Ea st Ma in Stre e t, Suite 401 • Ma dison, W I 53703 • (608) 266-1304 • le g.council@le gis.wisconsin.gov • http://www.le gis.wisconsin.gov/lc
Memo published: February 5, 2024 Contact: Brian Larson, Senior Staff Attorney
2023 Senate Bill 374 Senate Amendment 1
2023 SENATE BILL 374
2023 Senate Bill 374 (SB 374) requires the Department of Revenue (DOR) to conduct a study on the
effects of instituting income tax reciprocity between Wisconsin and Minnesota, in conjunction with the
Minnesota Department of Revenue, according to procedures specified in the bill. SB 374 establishes
requirements applicable to any income tax reciprocity agreement between Wisconsin and Minnesota,
including that it be approved by both the Governor and the Joint Committee on Finance (JCF). SB 374
also requires that any revision to such an agreement be approved by JCF.
SENATE AMENDMENT 1
Senate Amendment 1 (SA 1) to SB 374 provides that, after DOR reaches an income tax reciprocity
agreement with the State of Minnesota, the department must present it to the Governor as soon as
possible. SA 1 also states that the Governor must approve any such agreement no later than 90 days
after being presented with it, in order for the agreement to take effect. Also, SA 1 provides that the
agreement and any revisions must be approved by the Legislature, by joint resolution, instead of
requiring the approval of JCF, as introduced.
BILL HISTORY
On August 8, 2023, Senator Stafsholt introduced SB 374, and it was cosponsored by Representative
Zimmerman. On January 24, 2024, Senator Stafsholt offered SA 1. On January 25, 2024, the Senate
Committee on Universities and Revenue recommended adoption of SA 1, on a vote of Ayes, 7; Noes, 1;
and passage of SB 374, as amended, on a vote of Ayes, 5; Noes, 3.
For a full history of the bill, visit the Legislature’s bill history page.
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