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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 70304 › Proposal

The premium rate is set whether or not anyone took leave

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70304, Sec. 70304. Written by .

The premium rate is set whether or not anyone took leave

The document says “shallWho acts: Secretary of the TreasuryHow: statuteSec. 70304 in the PDF
What the document says

“For purposes of determining the applicable percentage with respect to paragraph (1)(B), the rate of payment under the insurance policy shall be determined without regard to whether any qualifying employees were on family and medical leave during the taxable year.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70304

The section provides that for the credit taken on premiums, the rate of payment under the insurance policy is worked out without regard to whether any qualifying employee was on family and medical leave in the year.

What the document actually says

“For purposes of determining the applicable percentage with respect to paragraph (1)(B), the rate of payment under the insurance policy shall be determined without regard to whether any qualifying employees were on family and medical leave during the taxable year.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70304
That sentence, in plain words

The rate under the policy is worked out one way. It does not matter whether any worker took leave that year.

What this is about

So an employer who buys cover still qualifies. The credit follows the policy, not the claims. That holds for the premium option only.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

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