Iowa HF2028 directs the Department of Revenue to study a reciprocal tax agreement with Wisconsin.

Iowa HF2028 mandates the Department of Revenue to investigate the feasibility of a reciprocal tax agreement with Wisconsin. This study aims to benefit both states by potentially reducing tax burdens on residents working across state lines. If deemed feasible, the Department of Revenue must submit the proposed agreement to the Legislative Services Agency before the 2027 session for approval. Currently, Iowa has a reciprocal tax agreement with Illinois. The study's findings, including reasons for feasibility, must be reported to the General Assembly by December 1, 2026.

Iowa HF2028 directs the Department of Revenue to study a reciprocal tax agreement with Wisconsin.

Iowa HF2028 mandates the Department of Revenue to investigate the feasibility of a reciprocal tax agreement with Wisconsin. This study aims to benefit both states by potentially reducing tax burdens on residents working across state lines. If deemed feasible, the Department of Revenue must submit the proposed agreement to the Legislative Services Agency before the 2027 session for approval. Currently, Iowa has a reciprocal tax agreement with Illinois. The study's findings, including reasons for feasibility, must be reported to the General Assembly by December 1, 2026.