Madison — Today Governor Walker signed the first bill from the “Back to Work Wisconsin” Special Session. SB 203 authored by Senator Van Wanggard and Representative Pat Strachota ensures that Wisconsin’s tax treatment of certain employer provided health insurance costs is consistent with federal law. The bill passed the Senate 33-0 and passed the Assembly 93-3.
“I’m pleased that Democrats and Republicans were able to come together to support this bill,” said Governor Walker. “This bill will reduce confusion for employers and provide tax relief for employees receiving certain health benefits. We’re grateful for Senator Wanggard and Representative Strachota’s work on this bipartisan bill.”
“This bill is a win for taxpayers and employers alike,” said Senator Wanggaard. “Taxpayers will see needed tax relief and Wisconsin employers are saved from the administrative nightmare of determining the value of this benefit. Rather than spending resources to update payroll systems and hire consultants, employers can now spend those resources growing jobs in Wisconsin.”
Wisconsin Association of Health Underwriters (WAHU) President Bill Enright said, “The favorable and bipartisan action that occurred on SB 203 shows how our elected leaders can work together for the common good. The bill benefits employees and employers alike by changing Wisconsin’s income tax treatment of health insurance provided to adult children. Employees will get a deserved tax break and businesses will avoid a huge administrative headache.”
John Ulness, Chair of WAHU’s Legislative Committee said, “Special thanks are in order to Senator Van Wanggaard and Representative Pat Strachota and to Governor Walker for their hard work on this legislation. They worked well with legislators from the other side of the aisle to pass and enact this much needed change to Wisconsin law.”