Bill Would End Taxation of Health Benefits to Same-Sex Couples

A bill has been introduced in the U.S. House of Representatives that would end the taxation of health insurance benefits to some same-sex married couples.  Under current law, a person whose health insurance covers a same-sex spouse is taxed on the value of the benefits provided to the spouse.  Here’s more on the bill, from the Huffington Post via my friends at One Iowa:

It’s called the Tax Equity for Health Plan Beneficiaries Act, and its mouthful of a name is almost as long as its gracefully simple substance. The bill would merely close the loophole and ensure that all workers can receive their employer-provided health coverage on equal footing. No business would be forced to provide domestic partner protections under the legislation, but those who chose to do so would no longer be penalized. The result would be to streamline the process for small businesses and Fortune 500 companies alike, more of whom are offering protections to same-sex couples nearly every day.

Read more at the One Iowa website.  I also found this article on the NASDAQ website that is a little clearer on the provisions and implications of the bil.