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BORDER TENSIONS HEAT UP WITH ILLINOIS
March 18, 2002
Illinois and Iowa are on the outs over Governor Vilsack’s proposal to end Iowa’s tax reciprocity agreement with Illinois. Under the agreement, taxpayers who live in one state and work in the other are only taxed in their state of residence. The Governor thinks Iowa loses revenue this way, and he wants to end the agreement to help cope with the state’s budget crisis. Iowa estimates that it loses $16,000,000 annually under the agreement; Illinois says the Iowa loss is only about $2,000,000. Colin Powell has declined to intervene thus far.
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