Paid Family Leave Bill
Business Incentives to Provide a Paid Family Leave Benefit
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Last updated 3/18/2020 at 10am
HB20-1193, GOP House Alternative Family Leave Bill
Many Colorado employers are interested in providing a paid leave benefit to their employees for the birth or adoption of a child, for those undertaking foster care or suffering from a serious illness. However, the high cost of this employee benefit is often prohibitive for the employers.
In response, HB20-1193 creates a tax credit for those employers who voluntarily decide to organize and implement a family leave benefit for their employees and a tax deduction for employees who wish to start a newly created Leave Savings Account (LSA). If...
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