HF 618: Providing an exemption from the computation of net income for individual and corporate income taxes of certain wages paid by an employer to an employee while on parental leave, and including applicability provisions

What it does

This bill provides an exemption from the computation of net income for individual and corporate income taxes of certain wages paid by an employer to an employee while on parental leave. Under the bill, an employer may exempt from the calculation of net income for individual or corporate income tax, as applicable, percent of wages paid to an employee while the employee is on parental leave, not to exceed weeks of such pay, if the parental leave is for the birth of a child, or for the placement of a child with the employee due to adoption or foster care.

Lobbying · 1 for, 0 against

For: Dotdash Meredith

In plain words

1. February 18, 2021Filed in the House and sent to the Ways and Means committee