This bill proposes the repeal of the Granite State Paid Family Leave Plan, which was established in 2021. The repeal includes the removal of several related statutes, specifically RSA 6:12, II(b)(374) and (375) concerning the Family Medical Leave Insurance (FMLI) premium fund, RSA 21-I:99 - 21-I:111 which outlines the Granite State paid family leave plan, and RSA 77-E:3-e regarding the tax credit associated with the plan under the business enterprise tax. Additionally, it eliminates provisions related to employment protections for employees taking family medical leave and the purchasing pool for family and medical leave insurance.

The bill also amends existing law by removing references to certain statutes related to accident and health insurance, specifically deleting RSA 21-I:99-21-I:111 and RSA 282-B. The effective date of the repeal is set for 60 days after its passage. The fiscal impact of this repeal is expected to increase Business Enterprise Tax revenues due to the elimination of the tax credit associated with the Granite State Paid Family Leave Plan, although the exact amount is indeterminable at this time. The earliest fiscal impact is anticipated to be seen in the tax year 2026, with no expected impact for fiscal years 2025 and 2026 as premiums for those years will have already been paid.