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MN HF4326

MN HF4326
Insurers authorized to offer paid family leave insurance benefits, and tax credit created.


summary

Introduced
03/17/2022
In Committee
03/17/2022
Crossed Over
Passed
Dead
05/23/2022

Introduced Session

92nd Legislature 2021-2022

Bill Summary

A bill for an act relating to commerce; authorizing certain insurers to offer paid family leave insurance benefits; creating a tax credit; proposing coding for new law in Minnesota Statutes, chapter 290; proposing coding for new law as Minnesota Statutes, chapter 63A.

AI Summary

This bill authorizes certain insurers to offer paid family leave insurance benefits in Minnesota, which would provide wage replacement for employees taking leave for reasons such as the birth or adoption of a child, caring for a family member with a serious health condition, or circumstances related to a family member's active military service. The bill also creates a tax credit for small businesses that contribute to paid family leave insurance benefits for their employees. The key provisions of the bill include defining terms like "family leave" and "serious health condition," outlining the types of family leave that can be covered, setting guidelines for the length and amount of benefits, and establishing the tax credit for small businesses. The bill aims to provide more options for paid family leave in Minnesota.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Author added Boe (on 03/23/2022)

bill text


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