| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1424 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to increase the employer |
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| 6 | 6 | | tax credit for paid family and medical leave. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | FEBRUARY18, 2025 |
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| 9 | 9 | | Mr. M |
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| 10 | 10 | | ACKENZIEintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Ways and Means |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Internal Revenue Code of 1986 to increase |
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| 14 | 14 | | the employer tax credit for paid family and medical leave. |
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| 15 | 15 | | Be it enacted by the Senate and House of Representa-1 |
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| 16 | 16 | | tives of the United States of America in Congress assembled, 2 |
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| 17 | 17 | | SECTION 1. INCREASE IN EMPLOYER CREDIT FOR PAID 3 |
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| 18 | 18 | | FAMILY AND MEDICAL LEAVE. 4 |
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| 19 | 19 | | (a) I |
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| 20 | 20 | | NCREASE INCREDITPERCENTAGES.—Section 5 |
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| 21 | 21 | | 45S(a)(2) of the Internal Revenue Code of 1986 is amend-6 |
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| 22 | 22 | | ed— 7 |
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| 23 | 23 | | (1) by striking ‘‘12.5 percent’’ and inserting 8 |
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| 24 | 24 | | ‘‘25 percent’’, 9 |
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| 25 | 25 | | VerDate Sep 11 2014 01:10 Mar 12, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1424.IH H1424 |
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| 26 | 26 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 27 | 27 | | •HR 1424 IH |
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| 28 | 28 | | (2) by striking ‘‘25 percent’’ and inserting ‘‘50 1 |
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| 29 | 29 | | percent’’, and 2 |
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| 30 | 30 | | (3) by striking ‘‘0.25 percentage points’’ and 3 |
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| 31 | 31 | | inserting ‘‘0.50 percentage points’’. 4 |
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| 32 | 32 | | (b) C |
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| 33 | 33 | | REDITMADEPERMANENT.—Section 45S of 5 |
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| 34 | 34 | | such Code is amended by striking subsection (f). 6 |
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| 35 | 35 | | (c) E |
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| 36 | 36 | | FFECTIVEDATE.—The amendments made by 7 |
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| 37 | 37 | | this section shall apply to taxable years beginning after 8 |
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| 38 | 38 | | December 31, 2025. 9 |
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| 39 | 39 | | Æ |
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| 40 | 40 | | VerDate Sep 11 2014 01:10 Mar 12, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1424.IH H1424 |
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| 41 | 41 | | ssavage on LAPJG3WLY3PROD with BILLS |
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