H.R. 1424 (Introduced in House) — To amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave.

(a)

Increase in credit percentages— Section 45S(a)(2) of the Internal Revenue Code of 1986 is amended—

(1)

by striking “12.5 percent” and inserting “25 percent”,

(2)

by striking “25 percent” and inserting “50 percent”, and

(3)

by striking “0.25 percentage points” and inserting “0.50 percentage points”.

(b)

Credit made permanent— Section 45S of such Code is amended by striking subsection (f).

(c)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

To amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave.