Search Results: keywords:"tax credit enhancement"

  • S. 3680 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
    Status:Introduced in Senate
    Words:1,320

    The bill, S. 3680, aims to amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave tax credit. It allows eligible employers to choose how the credit is calculated—either based on wages paid to employees on leave or the cost of insurance premiums...

    Simple Explanation

    The bill wants to change the tax rules to help businesses that let their workers take time off to care for their families or for sickness. It also plans to teach businesses more about these tax benefits, but figuring out the new rules might be tricky for some.

  • H. R. 8860 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
    Status:Introduced in House
    Words:1,327

    H.R. 8860 aims to modify the Internal Revenue Code of 1986 to improve the tax credit for employers offering paid family and medical leave. The bill allows employers to choose between receiving a credit based on wages paid to employees on leave or on insurance premiums if they...

    Simple Explanation

    H.R. 8860 wants to help companies that give their workers paid time off for family or medical reasons by offering them a choice on how to get a tax benefit; they can either get a reward for the money they pay their workers on leave or for the insurance they have for paying for leave.