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Paid Family and Medical Leave Tax Credit: New Rules for Businesses

This act modifies tax credits for businesses offering paid family and medical leave. The goal is to encourage employers to provide financial support to employees during significant life events, such as childbirth or illness. These changes could lead to more companies offering such leave, resulting in greater financial security for employees in challenging situations.
Key points
Businesses can now choose whether the tax credit is based on wages paid for leave or on premiums for insurance covering such leave.
More employees may qualify for leave if they work at least 20 hours per week and have been employed for at least 6 months.
Government agencies, like the Small Business Administration, will inform businesses about available credits to help them utilize the new provisions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_400
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2025-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Paid Family and Medical Leave Tax Credit Extension and Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_400.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-04.

What are the main provisions?

Key points include:

  • Businesses can now choose whether the tax credit is based on wages paid for leave or on premiums for insurance covering such leave.
  • More employees may qualify for leave if they work at least 20 hours per week and have been employed for at least 6 months.
  • Government agencies, like the Small Business Administration, will inform businesses about available credits to help them utilize the new provisions.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Fischer, Deb [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Labor Family