Taxation of Adult Dependent Insurance Benefits

Without action by the Legislature this fall, a major hassle for state businesses and a new state imposed pay cut for some employees will take effect soon.
BACKGROUND
Wisconsin adopted an insurance mandate in 2009 to provide coverage to adult dependent children up to age 27 who were otherwise uninsured. When the mandate was adopted, the imputed income associated with this coverage was made subject to the state income tax. (read more)