There seems to be much debate still on the benefits of the new Tax Cuts and Jobs Act (Tax Reform), signed into law by President Trump shortly before Christmas, but our friends at SESCO Management make it clear that one benefit for business is a new employer credit for paid family and medical leave.  The provision allows employers to claim a general business credit equal to 12.5 percent of the amount of wages paid to qualifying employees during any period in which such employees are on family and medical leave if the rate of payment under the program is 50 percent of the wages normally paid to an employee. The credit is increased by 0.25 percentage points (but not above 25 percent) for each percentage point by which the rate of payment exceeds 50 percent. The provision is effective for wages paid in taxable years beginning after December 31, 2017, and would not apply to wages paid in taxable years beginning after December 31, 2019.