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Bill > S2897


NJ S2897

NJ S2897
Provides family leave for employee to attend certain events of child of employee; establishes tax credits for employer that provide full paid family leave benefits.


summary

Introduced
06/20/2022
In Committee
06/20/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This establishes a permissive program wherein an employer that provides full paid leave for employees, for up to two full work days, to take time needed by the employee in connection with a child of the employee to attend a school-related conference, meeting, function or other event, will be entitled to a tax credit for the amount of wages paid to an employee for the use of the leave.

AI Summary

This bill establishes a permissive program where employers that provide up to two full work days of paid family leave for employees to attend school-related events for their children can receive a tax credit to offset the cost of the wages paid. The bill defines key terms such as "employer" and "tax year," and outlines the process for employers to apply for and receive the tax credits, as well as reporting requirements for the program. The total amount of tax credits awarded annually is capped at $10 million.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Labor Committee (on 06/20/2022)

bill text


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