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Changes to Tax Credit for Employer-Provided Paid Family and Medical Leave.

This bill modifies the tax credit available to employers who provide paid family and medical leave. It limits the credit to the first 5 years a plan is in place and provides enhanced benefits for small businesses starting new paid leave plans.
Key points
Businesses can get a tax credit for offering paid family and medical leave, but only for the first 5 years they have a plan.
Small businesses starting a new paid leave plan can receive an enhanced tax credit and help with setup costs.
Rules for calculating the credit amount are updated to include state or local paid leave.
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Additional Information
Print number: 117_HR_5231
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2021-09-10