HR1424119th CongressWALLET

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

Sponsored By: Representative Mackenzie, Ryan [R-PA-7]

Introduced

Summary

This bill would raise the employer tax credit for paid family and medical leave to a maximum of 50% and make that credit permanent. It would apply to taxable years beginning after December 31, 2025, so the changes would start in 2026.

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  • Employers: Would increase the maximum credit for qualified leave wages to 50% by changing the percentage steps in Section 45S and by removing the credit's sunset. This lowers the cost of offering paid leave for employers starting in 2026.
  • Workers and families: Would strengthen incentives for employers to offer paid family and medical leave, which could expand access to paid leave for employees and their families.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger permanent paid leave credit for employers

Employers who offer qualifying paid family and medical leave could get a bigger tax credit. The base rate would rise from 12.5% to 25%, and the maximum rate from 25% to 50%. The step-up per extra percent of wage pay would also double, from 0.25 to 0.50 percentage points. The credit would no longer expire; it would be permanent. These changes would apply to taxable years that begin after December 31, 2025.

Sponsors & CoSponsors

Sponsor

Mackenzie, Ryan [R-PA-7]

PA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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