Plain Language of Change:
A new credit for paid family and medical leave (FML) is available beginning in 2018
An eligible employer is allowed the FML credit in an amount equal to the applicable percentage of the wages paid to qualifying employees during the period in which such employees are on FML
Applicable percentage means 12.5 percent increased (but not above 25 percent) by 0.25 percentage points for each percentage point by which the rate of payment exceeds 50 percent
The credit is only available with respect to wages paid in tax years beginning in 2018
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