On the recordSeptember 16, 1992
Legislation September 16, 1992 To the Congress of the United States: I am pleased to transmit for your immediate consideration and enactment the ``Family Leave Tax Credit Act of 1992''. This flexible family leave plan will enable 80 percent of the workplaces in the country--the small and mid-sized businesses that often cannot provide family leave--to provide family leave for their employees without costing jobs or stifling economic growth. The proposal will cover 15 million more workers, and 20 times as many workplaces, than the proposals in S. 5. This legislation will provide a refundable tax credit for up to 20 percent of total compensation, for up to $100 a week--to a maximum of $1,200--for businesses that provide their employees with 12 weeks of family leave. An employee would be eligible to take leave under the following circumstances: the birth of a child, the placement of a child with the employee for adoption or foster care, care for a child, parent, or spouse with a serious health condition, or a serious health condition that prevents the employee from performing his or her job. This is not federally mandated leave. It instead gives employers positive incentives to adopt responsible family leave policies and gives them the flexibility to target the specific needs of their employees. To qualify for the credit, businesses must adopt nondiscriminatory policies that provide protections for employees' jobs, benefits, and health insurance.…
Source
govinfo.gov




