The bill S. 400 aims to amend the Internal Revenue Code of 1986 to improve the tax credit available for paid family and medical leave. It allows eligible employers to choose between two methods to calculate their credit: a percentage of wages paid or premiums for insurance...
Simple Explanation
The bill wants to make it easier for businesses to get a special tax credit when they pay their workers while they are on family or medical leave, like having a baby or getting sick. It also wants to make sure small businesses and the IRS help people understand how to get this credit.