A BILL FOR AN ACT to amend the Indiana Code concerning labor and safety.

Plain English Breakdown

The official source material does not provide specific details about the exact benefits, contribution amounts, or eligibility criteria for tax deductions.

Voluntary Family Leave Insurance Program

This bill requires the Indiana Department of Insurance to establish a voluntary family leave insurance program for employees who take time off for family reasons, funded through contributions from employers and employees.

What This Bill Does

• Requires the state's insurance department to set up a voluntary family leave insurance program by January 1, 2027.
• Allows the department to hire outside help to run the program.
• Establishes a trust fund for paying out benefits from contributions made by employers and employees.
• Provides tax breaks for certain employers based on their contributions to the trust fund.

Who It Names or Affects

• Employees who want to take time off for family reasons
• Employers who contribute to the program

Terms To Know

Voluntary Family Leave Insurance Program

A new state program that provides benefits to employees who take unpaid leave for family reasons.

Trust Fund

A fund set up by the government to collect and manage money used to pay out benefits from the voluntary family leave insurance program.

Limits and Unknowns

• The bill does not specify which employers are eligible for tax deductions.
• It is unclear how much the contributions will be or who decides on them.
• The exact details of the benefits provided by the program have not been fully outlined.

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning labor and safety.
Voluntary family leave insurance program.

Current Bill Text

A BILL FOR AN ACT to amend the Indiana Code concerning labor and safety.

Voluntary family leave insurance program.

Requires the department of insurance (department) to establish, not later than January 1, 2027, a voluntary family leave insurance program (program) for the purpose of providing benefits to employees who elect to participate in the program. Sets forth requirements for the program. Allows the department to contract with an outside vendor to administer the program. Requires the department, not later than November 1, 2026, to submit a report to the legislative council and the budget committee concerning the proposed program. Establishes the voluntary family leave insurance program trust fund (trust fund) for the purpose of paying program benefits. Provides that the trust fund consists of employer or employee contributions, appropriations from the general assembly, and money received from any other source. Provides that certain employers are entitled to an adjusted gross income tax deduction equal to the total amount of contributions made by the employer to the trust fund during the taxable year multiplied by 200%.