Tax Credits for State and Local Governments for Paid Leave
This act aims to allow state and local governments to receive tax credits for providing paid sick leave and paid family and medical leave to their employees. This means these administrative bodies can get financial support for offering benefits that may improve job security and financial stability for citizens during difficult life situations.
Key points
State and local governments will be eligible for tax credits for providing paid sick leave.
Tax credits will also cover paid family and medical leave offered by these entities.
The changes apply retroactively, as if included in the Families First Coronavirus Response Act.
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