Paid Family Leave — Small Business Majority Community https://community.smallbusinessmajority.org/ Sat, 18 Sep 2021 02:46:12 +0000 en Paid Family Leave — Small Business Majority Community Do you support the expansion of America's Rescue Plan Paid Leave Tax Credit? https://community.smallbusinessmajority.org/discussion/181/do-you-support-the-expansion-of-americas-rescue-plan-paid-leave-tax-credit Thu, 25 Feb 2021 19:55:24 +0000 Community Digest and Discussion Kevin_SBM 181@/discussions We are looking for feedback regarding the extension of the Paid Leave Tax Credit cited in America's Rescue Plan. Is this something you would support or use as a small business owner? Below is additional information on the tax credit and the expansion changes for your review.

The COVID-19 Paid Leave Tax Credit provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave-related to COVID-19. (More info available on IRS.gov)

Some of the key expansion changes include the following:

  • Extends the tax credits time window from March 31 to September 30
  • Increases the total amount of wages an employer can claim for credit in a year from $10,000 to $12,000 per employee
  • Expands the purposes allowed for longer-term paid family leave to match all of the purposes for shorter-term paid sick leave
  • Allows credits for an employee who is receiving a vaccination or recovering from its side effects
  • Prevents employers from claiming the credit if they make leave available in a manner that discriminates in favor of highly compensated employees, full time employees, or based on employment tenure with the employer
  • Resets the clock on March 31, 2021 so that anyone who took leave in the past year can take leave again
  • Allows access to the credits for state and local governments, as well as Federal governmental instrumentalities, that are tax-exempt 501(c)(1) organizations
]]> FAMILY Act Continues To Build Momentum https://community.smallbusinessmajority.org/discussion/58/family-act-continues-to-build-momentum Wed, 09 Oct 2019 15:53:23 +0000 Community Digest and Discussion Zachary_SBM 58@/discussions In this week's article, WAMC Northeast Public Radio takes a look at the FAMILY Act with New York State Senator Kirsten Gillibrand.

Do you agree with legislation that would create a national paid family leave policy? Share your thoughts on this important issue for small business owners!

FAMILY Act Continues To Build Momentum

WAMC Northeast Public Radio
October 8, 2019
Gillibrand has been pressing the issue for years. In April 2015 in Troy, Gillibrand cited a different poll conducted by the Small Business Majority, which found 6 in 10 entrepreneurs in New York state supported a publicly administered family and medical leave program.

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