Paid Family and Medical Leave Tax Credit Extension and Enhancement Act

This bill enhances the federal tax credit for employers providing paid family and medical leave. It gives eligible employers two options to calculate the credit: either a percentage of wages paid to employees on leave, or a percentage of insurance premiums paid for leave coverage. Crucially, it clarifies that state-mandated paid leave does not count toward the credit amount. The bill also requires the Small Business Administration and IRS to provide outreach and resources to help employers understand and access the credit.