Paid Family and Medical Leave Tax Credit Extension and Enhancement Act

Treaty Document 112-8: bilateral tax treaty with Chile HR 5707 Secure Family Futures Act Summary is in progress. To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets. HR 7024 Tax Relief for American Families and Workers Act. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. HR 8435 Summary in process. To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes. HR 8860 A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes. Issues Related to Paid Family and Medical Leave S3680 Paid Family and Medical Leave Tax Credit Extension and Enhancement Act: This bill modifies the employer tax credit for paid family and medical leave. Specifically, the bill (1) makes such credit permanent, (2) allows the credit in states or localities that either mandate or do not mandate paid family and medical leave, (3) allows employers to claim the credit for a portion of their paid family leave insurance premiums, (4) reduces the minimum employment period eligibility requirement, and (5) requires the Small Business Administration and the Internal Revenue Service to conduct targeted outreach to employers and other relevant parties regarding the availability and requirements of the credit. S4740 Secure Family Futures Act of 2024 - Summary is in progress. To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets.

Client expense: $482,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General tax issues related to the business of insurance and insurance products, taxation of life insurer reserves, and deferred acquisition costs; tax treatment of paid sick and family medical leave benefits. Current law tax exclusion for employer provided benefits. S.3680, H.R. 8860 - Paid Family and Medical Leave Tax Credit Extensions and Enhancement Act: Issues related to the eligibility for the credit of certain employers and types of qualifying leave benefits. H.R. 5707, S.4740 - Secure Family Futures Act. ISSUE: Treatment of life insurer held bonds.

Client expense: $460,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 3702/H.R. 7165, the Credit for Caring Act. S.2264/H.R.4539, the Casualty Loss Deduction Restoration Act. S.3680/H.R. 8860, Paid Family and Medical Leave Tax Credit Extension and Enhancement Act. H.R. 9361, the EITC for Older Workers Act. S. 3254/H.R. 7222, the Lowering Costs for Caregivers Act. S. 3020/H.R. 3032, the Volunteer Driver Tax Appreciation Act. H.R. 4289, the WISH Act of 2023.

Client expense: $4,820,000 · Firm income: Not reported

S. 3109/H.R. 8018, the Alleviating Barriers for Caregivers Act. S. 3766/H.R. 7274, Connecting Caregivers to Medicare Act. S. 3254/H.R 7222, the Lowering Costs for Caregivers Act. H.R. 7165/S. 3702, the Credit for Caring Act. S.3680/ H.R. 8860, the Paid Family and Medical Leave Tax Credit Extension and Enhancement Act. No bill number. Discussed paid leave for family caregivers. S.4776, the Older Americans Act Reauthorization Act. S. 5023, the Stand Strong Falls Prevention Act. S. 4556/H.R. 9179, the SAFE STEPS for Veterans Act. H.Con.Res.129 - Supporting the designation of "National Fall Prevention Awareness Week". No bill number. Discussed Strategic Framework for a National Plan on Aging. No bill number. Discussed Proposed Fiscal Year 2025 Home Health Prospective Payment System Rate Update. S.1190, the Direct Support Worker Training Reimbursement Act of 2023. S.1196, the Mollie Baldwin Upskilling of Personal and Home Care Aides Act of 2023. S.1192, the CADSAW Act of 2023. No bill number. Discussed Older Americans Act programs. No bill number. Discussed family caregiving priorities and Older Americans Act reauthorization. S. 4765, the Respect Parents Childcare Choices Act. H.R. 9803, the Hospice Care Act. No bill number. Discussed GUIDE Model. No bill number. Discussed National Strategy to Support Family Caregivers. No bill number. Discussed Medicare and Medicaid and family caregivers. H.R. 542, the Elizabeth Dole Home and Community-Based Services for Veterans and Caregivers Act. H.R. 3581, Caregiver Outreach and Program Enhancement (COPE) Act. H.R. 6160, To reauthorize a lifespan respite care program. S. 4325, the Lifespan Respite Care Reauthorization Act. No bill number. Discussed Medicare Physician Fee Schedule for calendar year 2025. No bill number. Discussed Medicare Hospital Outpatient Prospective Payment System for calendar year 2025. S.3697/H.R.7623, the Telehealth Modernization Act. No bill number. Discussed military and veteran caregivers and VA Caregiver Support Programs.

S.3680/H.R.8860 Paid Family and Medical Leave Tax Credit and Extension Act. H.R.5707 Secure Family Futures Act. P.L.115-97 Tax Cuts and Jobs Act. P.L.117-169 Inflation Reduction Act. H.R.7024 Tax Relief for American Families and Workers Act.

Client expense: $120,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

Treaty Document 112-8: bilateral tax treaty with Chile HR 5707 Secure Family Futures Act Summary is in progress. To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets. HR 7024 Tax Relief for American Families and Workers Act. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. HR 8435 Summary in process. To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes. HR 8860 A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes. Issues Related to Paid Family and Medical Leave S3680 Paid Family and Medical Leave Tax Credit Extension and Enhancement Act: This bill modifies the employer tax credit for paid family and medical leave. Specifically, the bill (1) makes such credit permanent, (2) allows the credit in states or localities that either mandate or do not mandate paid family and medical leave, (3) allows employers to claim the credit for a portion of their paid family leave insurance premiums, (4) reduces the minimum employment period eligibility requirement, and (5) requires the Small Business Administration and the Internal Revenue Service to conduct targeted outreach to employers and other relevant parties regarding the availability and requirements of the credit. S4740 Secure Family Futures Act of 2024 - Summary is in progress. To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets.

S.3657/H.R. 7252 - Child and Dependent Care Tax Credit Enhancement Act H.R. 6401 - Upskilling and Retraining Assistance Act S. 722/ H.R. 1477 - Freedom to Invest in Tomorrows Workforce Act S. 3680 / H.R. 8860 - Paid Family and Medical Leave Tax Credit Extension and Enhancement Act Tax Exclusion for Employer Sponsored Insurance Tax Deductibility for Fringe Transportation Benefits

Client expense: $270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Paid family leave S.3680 - Paid Family and Medical Leave Tax Credit Extension and Enhancement Act H.R. 8860 - Paid Family and Medical Leave Tax Credit Extension and Enhancement Act, Family and Medical Leave Act Modernization, including H.R. 5037/S. 2574, the FAIR Leave Act Congressional Review Act Resolution to Overturn the U.S. Department of Labors final worker classification rule S.J. Res. 63/ H.J. Res. 116 - Congressional Disapproval of the DOLs Independent Contractor (Worker Classification) Rule S.J. Res. 49/ H.J. Res 98 - Congressional Disapproval of the NLRBs Joint Employer Final Rule OSHA Indoor/Outdoor Heat Regulations DOL Final Rule Overtime/White-Collar Exemptions Regulations Employment and Training Administration (ETA), DOL proposed rule on the National Apprenticeship System Enhancements, 89 Fed. Reg. 3118-3298 Hiring Veterans Issues DOL Final Rule Overtime/White-Collar Exemptions Regulations - Executive Office of the President/Office of Management and Budget

Client expense: $270,000 · Firm income: Not reported

Government targets: Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), SENATE, Small Business Administration (SBA)

No Bill Number: Issues pertaining to Paid Family and Medical Leave Treaty Document 112-8: bilateral tax treaty with Chile HR 5707 Secure Family Futures Act Summary is in progress. To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets. HR 7024 Tax Relief for American Families and Workers Act. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. HR 8435 Summary in process. To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes. HR 8860 A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.

Client expense: $342,000 · Firm income: Not reported

S.1714 - FAMILY Act. H.R.2831 - Self-Insurance Protection Act. H.R.3799 - CHOICE Arrangement Act. Issues related to corporate sustainability. Issues related to paid family and medical leave. Issues related to long term disability insurance mental health parity. S.1424/H.R.1385 - DOC Access Act. S.2771/H.R.1671 - Increasing Access to Dental Insurance Act. S.570/H.R.1342 - Medicaid Dental Benefit Act of 2023. S.3059 - Requiring Enhanced and Accurate Lists of (REAL) Health Providers Act. S.3680/H.R.8860 - Paid Family and Medical Leave Tax Credit and Extension Act.

Client expense: $120,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of