Increases the business tax credit for paid family and medical leave to up to 50% (from 25%) of the wages paid by an eligible employer to a…

Section 45S(a)(2) of the Internal Revenue Code of 1986 is amended—

(1) by striking 12.5 percent and inserting 25 percent,

(2) by striking 25 percent and inserting 50 percent, and

(3) by striking 0.25 percentage points and inserting 0.50 percentage points.

Section 45S of such Code is amended by striking subsection (f).

The amendments made by this section shall apply to taxable years beginning after December 31, 2025.