HR 1424 · 119th CongressIn Committeecongress.gov ↗

To amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave.

What this bill does

AI plain-language summary

This bill would increase a tax credit that businesses can get when they pay their workers during family and medical leave. Right now, businesses can get a tax credit worth between 12.5% and 25% of the wages they pay to employees on leave, and this bill would raise that to between 25% and 50%. The exact percentage depends on how much of an employee's regular pay the business continues to pay during the leave, but the business must pay at least half of the employee's normal wages to qualify for the credit at all.

Introduced

February 18, 2025

Policy Area

Taxation

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