Establishes a refundable tax credit for employers who provide a paid Labor Day holiday to construction workers.

The bill establishes a refundable tax credit for employers who provide a paid Labor Day holiday to construction workers. The credit is calculated based on the construction worker's average daily wage for the four weeks preceding Labor Day. The credit is deductible from the employer's net income tax liability and any excess credit is refunded to the employer. The tax credit applies to taxable years beginning after December 31, 2025.

Establishes a refundable tax credit for employers who provide a paid Labor Day holiday to construction workers.

The bill establishes a refundable tax credit for employers who provide a paid Labor Day holiday to construction workers. The credit is calculated based on the construction worker's average daily wage for the four weeks preceding Labor Day. The credit is deductible from the employer's net income tax liability and any excess credit is refunded to the employer. The tax credit applies to taxable years beginning after December 31, 2025.