us-wi/statute/71.10/7/d

1.

(1)#

No agreement that is entered into under this subsection on or after March 23, 2024, may take effect unless all of the following apply: a. The agreement applies to wages, salaries, tips, and commissions received as an employee by persons who reside in this state or Minnesota for at least 183 days during their taxable years and who return to their state of residence at least once per month. b. The agreement contains no expiration or termination date. bm. The governor issues a written notice of approval of the agreement no later than 90 days after being presented with the agreement under subd. 1m. cm. The agreement may take effect under subd. 1s.

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Official source

1.

(1)#

No agreement that is entered into under this subsection on or after March 23, 2024, may take effect unless all of the following apply: a. The agreement applies to wages, salaries, tips, and commissions received as an employee by persons who reside in this state or Minnesota for at least 183 days during their taxable years and who return to their state of residence at least once per month. b. The agreement contains no expiration or termination date. bm. The governor issues a written notice of approval of the agreement no later than 90 days after being presented with the agreement under subd. 1m. cm. The agreement may take effect under subd. 1s.

(1)(a)#

The agreement applies to wages, salaries, tips, and commissions received as an employee by persons who reside in this state or Minnesota for at least 183 days during their taxable years and who return to their state of residence at least once per month.

(1)(b)#

The agreement contains no expiration or termination date.

(1)(bm)#

The governor issues a written notice of approval of the agreement no later than 90 days after being presented with the agreement under subd. 1m.

(1)(cm)#

The agreement may take effect under subd. 1s.

(1m)#

As soon as possible after the department reaches an agreement with the state of Minnesota, the department shall present the agreement to the governor and submit a copy of the agreement to the legislature under s. 13.172 (2).

(1s)#

After the governor issues a written notice of approval of the agreement under subd. 1. bm., the department shall notify the joint committee on finance in writing of the agreement. The agreement may take effect if within 14 working days of the notification the committee does not schedule a meeting for the purpose of reviewing the proposed agreement. If the committee schedules a meeting for the purpose of reviewing the agreement, the agreement may not take effect unless the committee approves the agreement.

(2)#

a. This state may not make a payment under an agreement entered into under this subsection for any taxable year ending before March 23, 2024. b. An agreement entered into under this subsection may provide for making estimated payments during a year and for a final payment for the year to be made after computing the amount of the loss for the year as described in par. (b).

(2)(a)#

This state may not make a payment under an agreement entered into under this subsection for any taxable year ending before March 23, 2024.

(2)(b)#

An agreement entered into under this subsection may provide for making estimated payments during a year and for a final payment for the year to be made after computing the amount of the loss for the year as described in par. (b).

(3)#

An agreement entered into under this subsection that takes effect on or after March 23, 2024, may not be revised unless the department notifies the joint committee on finance in writing of the proposed revised agreement. The proposed revised agreement may take effect if within 14 working days of the notification the committee does not schedule a meeting for the purpose of reviewing the proposed revised agreement. If the committee schedules a meeting for the purpose of reviewing the proposed revised agreement, the proposed revised agreement may not take effect unless the committee approves the proposed revised agreement.

(4)#

An agreement entered into under this subsection may require that a study be conducted no more than once every 5 years to obtain information necessary to determine payments under this subsection.