An employer may take the credit on wages or on insurance premiums
What the document says“the paid family and medical leave credit is an amount equal to either of the following (as elected by such employer):”
The section strikes paragraph (1) of section 45S(a) of the Internal Revenue Code of 1986 and inserts a new one letting an eligible employer choose between the applicable percentage of wages paid to qualifying employees while on family and medical leave and, where the employer holds a paid family and medical leave insurance policy in force during the year, the applicable percentage of the premiums paid or incurred on that policy.
What the document actually says“the paid family and medical leave credit is an amount equal to either of the following (as elected by such employer):”
The credit is one of two amounts. The employer picks which one.
One is a share of the wages paid during leave. The other is a share of the insurance premiums. The employer chooses each year.
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