Top Eight (8) things Small Business Owners should know about Families First Coronavirus Act (H.R. 6201)
- FMLA Expanded to cover Covid-19 impacted employees and the care for their families up to 12 weeks if they fall ill from the virus unless exempt.
- Payroll Credit for Required Paid Family Leave – 100% unless exempt.
- Tax Credit for Family Leave for Self-Employed Individuals – 100% unless exempt.
- Emergency Paid Sick Leave Act – 2 weeks paid sick leave mandatory unless exempt.
- Payroll Tax Credit for Required Paid Sick Leave.
- Tax Credit for Sick Leave for Self-Employed Individuals
- The legislation also requires insurers, Medicare, Medicaid, and other federal health programs to fully cover testing and related services for COVID-19, without cost-sharing.
- There is increased funding to Medicaid to allow states to cover tests for uninsured populations.
For more information on H.R. 6201 click here.
Kilpatrick Townsend Cornavirus Task Force Webinar on Family First Coronavirus Act HR6201
