Connecticut House Bill HB06614

Connecticut 2017 Regular Session

• Introduced: 1/24/17
• Refer: 1/24/17

Caption

An Act Concerning A Tax Credit For Businesses That Provide Paid Family And Medical Leave.

Impact

If enacted, HB 06614 would amend Chapter 208 of the general statutes in Connecticut, which governs taxation. The introduction of a tax credit system could significantly impact employer practices surrounding family and medical leave policies. It intends to make it financially easier for small and medium-sized businesses to adopt or enhance their leave policies, thus creating a more supportive work environment. This could lead to a broader societal acceptance of paid family leave as a standard employee benefit, fostering a culture that prioritizes employee wellbeing.

Summary

House Bill 06614 concerns the establishment of a tax credit for businesses that provide paid family and medical leave to their employees. The primary intent of this bill is to encourage employers to offer these essential leave benefits, thereby alleviating some financial burden associated with providing such supports. By incentivizing businesses through tax relief, the bill aims to promote a work environment that is more conducive to the health and wellbeing of employees during critical family events.

Contention

Discussions around the bill may garner various opinions among stakeholders, particularly regarding how beneficial the tax credit will truly be. Supporters argue it would greatly aid families in times of need, while opponents may highlight concerns over the potential cost implications for state revenue and whether the credits would sufficiently incentivize businesses. There may also be debates on the effectiveness of tax credits in implementing meaningful leave policies versus direct regulatory requirements.