An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions; providing for paid family and medical leave tax credit; and establishing the Family and Medical Leave Tax Credit Program.

House Bill 1393 establishes the Family and Medical Leave Tax Credit Program, offering a state tax credit to businesses that provide paid family and medical leave to their employees. This credit is available to business firms in the Commonwealth that have already received the federal family and medical leave tax credit. To qualify, businesses must apply to the Department of Community and Economic Development, providing proof of their federal credit, with the state credit matching the federal amount received. The total amount of these state tax credits is capped at $100,000,000 annually, distributed on a first-come, first-served basis, and cannot exceed a business's tax liability.