Pennsylvania HB1393 creates a tax credit for businesses providing paid family and medical leave to employees.

HB1393 amends the Tax Reform Code of 1971 to include a paid family and medical leave tax credit. Businesses can apply for a tax credit equal to the federal tax credit they received for providing paid family and medical leave. The credit can be applied against certain state tax liabilities. The Family and Medical Leave Tax Credit Program is established to manage these credits, which cannot exceed $100 million annually. Businesses must submit applications detailing the federal tax credit received and wages paid for the leave.

Pennsylvania HB1393 creates a tax credit for businesses providing paid family and medical leave to employees.

HB1393 amends the Tax Reform Code of 1971 to include a paid family and medical leave tax credit. Businesses can apply for a tax credit equal to the federal tax credit they received for providing paid family and medical leave. The credit can be applied against certain state tax liabilities. The Family and Medical Leave Tax Credit Program is established to manage these credits, which cannot exceed $100 million annually. Businesses must submit applications detailing the federal tax credit received and wages paid for the leave.