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S. 3680

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
About This Bill
Committee
Latest Action · January 30, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
January 30, 2024
Cosponsors (1)
0D 0R
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Summary

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Paid Family and Medical Leave Tax Credit Extension and Enhancement Act This bill modifies the employer tax credit for paid family and medical leave. Specifically, the bill (1) makes such credit permanent, (2) allows the credit in states or localities that either mandate or do not mandate paid family and medical leave, (3) allows employers to claim the credit for a portion of their paid family leave insurance premiums, (4) reduces the minimum employment period eligibility requirement, and (5) requires the Small Business Administration and the Internal Revenue Service to conduct targeted outreach to employers and other relevant parties regarding the availability and requirements of the credit.

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