Relating to optionally provided employment benefits; prescribing an effective date.

Repeals provisions of paid family and medical leave insurance program. Creates income or corporate excise tax credit allowed to employer that provides certain family and medical leave benefits to employees. Creates income or corporate excise tax credit allowed to smaller employer to compensate for paid time off provided to employees. Applies to all tax years beginning on or after January 1, 2024. Takes effect on 91st day following adjournment sine die.