S.400

Enhances the paid family and medical leave tax credit under the Internal Revenue Code.

The Paid Family and Medical Leave Tax Credit Extension and Enhancement Act amends the Internal Revenue Code to enhance the paid family and medical leave tax credit. It modifies the credit calculation, allowing employers to choose between the percentage of wages paid to qualifying employees on leave or the percentage of premiums paid for an insurance policy. The bill also mandates outreach by the Small Business Administration and the Internal Revenue Service to inform employers about the credit.