Committee considers technical fix to PFML premium split after IRS guidance
A proposed substitute for HB 2345 would reallocate employer/employee shares of the Paid Family and Medical Leave premium to avoid federal employment taxation on benefits previously treated as wages under new IRS guidance; supporters say the change prevents an estimated $30 million federal tax hit.
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Committee staff and multiple witnesses briefed members on a proposed substitute to HB 2345 on Jan. 14 that adjusts how the Paid Family and Medical Leave (PFML) premium is split between employer and employee to respond to recent IRS guidance.
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