Connecticut 2019 Regular Session

Connecticut House Bill HB05735

Introduced
1/22/19  
Introduced
1/22/19  
Refer
1/22/19  

Caption

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

Impact

The implementation of this tax credit could significantly influence the landscape of employee benefits in the state. By incentivizing businesses to provide paid leave, the bill aims to create a more favorable environment for workers who may need to take time off for family duties or medical emergencies. This move could also lead to increased employee retention and productivity, as businesses that support their workers during such times may see improved morale and loyalty.

Summary

House Bill 05735 aims to provide financial incentives to businesses that choose to offer paid family and medical leave to their employees. Recognizing the importance of such leave in supporting employees during critical life events, the bill seeks to amend Chapter 208 of the general statutes. It introduces a tax credit system intended to encourage more businesses to adopt policies that facilitate better work-life balance and enhance employee well-being.

Contention

Despite its intended benefits, the proposed bill may face scrutiny and opposition from various stakeholders. Critics could argue that this tax incentive may disproportionately benefit larger businesses that already have the resources to provide paid leave, while smaller businesses may struggle to implement such policies regardless of the tax credits offered. There may also be concerns about the fiscal implications for the state, as well as debates on how effectively the bill can truly encourage widespread adoption of paid leave policies among diverse business types.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00222

An Act Concerning Changes To The Paid Family And Medical Leave Statutes.

CT SB00220

An Act Concerning Clarifying The Appeals Process Under The Paid Family And Medical Leave Statutes.

CT HB05165

An Act Expanding Connecticut Family And Medical Leave Benefits To Noncertified School Employees.

CT HB05030

An Act Establishing A Credit Against The Personal Income Tax For Interest Paid On Student Loans.

CT HB05344

An Act Establishing First-time Homebuyer Savings Accounts And A Related Tax Deduction And Credit.

CT SB00310

An Act Concerning Compensation For Family Caregivers, Retroactive Eligibility For Medicaid And Treatment Of Assets Discovered After An Application For Medical Assistance.

CT HB05492

An Act Establishing A Farm Investment Tax Credit And Concerning The Threshold For Certain Optional Farm-related Property Tax Exemptions.

CT SB00036

An Act Establishing A Refundable Child Tax Credit.

CT SB00025

An Act Establishing A Property Tax Credit Against The Personal Income Tax For Certain Seniors.

CT HB05068

An Act Establishing A Tax Credit For Educational Access And Opportunity Scholarships.

Similar Bills

No similar bills found.