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SPONSOR: |
McSorley |
DATE
TYPED: |
|
HB |
|
||
SHORT
TITLE: |
Family
Medical Leave Credit |
SB |
855 |
||||
|
ANALYST: |
Smith |
|||||
REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
|
(3,200.0) |
(3,800.0) |
Recurring |
General Fund |
|
|
|
|
|
(Parenthesis ( ) Indicate Revenue Decreases)
Responses
Received From
TRD
SUMMARY
Synopsis of Bill
Senate Bill 855 would
allow personal and corporate income tax credits for employers that provide paid
family medical leave to their employees. The credits would total 25 percent of
wages or salaries paid to employees for family medical leave. The bill’s definition
of “paid medical leave” is similar to the one on which the federal Family and
Medical Leave Act is based, and includes leave taken by employees associated
with 1) birth or adoption of a child, and 2) care of a child, spouse or parent
who has a health condition that requires inpatient care in a hospice, hospital
or similar facility or requires continuing treatment or supervision by a
health- care provider.
FISCAL
IMPLICATIONS
TRD notes that over a typical career, an employee will likely require this
type of leave for approximately three 12- week periods. Hence over a 25-year career employees will
require approximately 1.5 weeks of paid medical leave per year. Assuming a
typical
SS/njw