119 HR 1424 IH: To amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave. U.S. House of Representatives 2025-02-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 1424IN THE HOUSE OF REPRESENTATIVESFebruary 18, 2025Mr. Mackenzie introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave.

1.

Increase in employer credit for paid family and medical leave

(a)

Increase in credit percentages

Section 45S(a)(2) of the Internal Revenue Code of 1986 is amended— (1)by striking 12.5 percent and inserting 25 percent, (2)by striking 25 percent and inserting 50 percent, and (3)by striking 0.25 percentage points and inserting 0.50 percentage points. (b)

Credit made permanent

Section 45S of such Code is amended by striking subsection (f). (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2025.