US SB400

Amends Internal Revenue Code Section 45S to allow employers to claim the paid family and medical leave tax credit based on either wages paid during employee leave or premiums paid for paid family leave insurance policies

Reduces the employee tenure requirement from 1 year to 6 months (at employer's election) and adds a minimum 20 hours per week employment threshold for qualifying employees

Excludes leave paid for or mandated by state or local governments from the tax credit calculation, while still counting such leave toward total paid leave provided

Requires SBA district offices, small business development centers, women's business centers, SCORE chapters, and Veteran Business Outreach Centers to conduct outreach and provide technical assistance on the credit

Directs the IRS to perform targeted outreach to employers, payroll service providers, tax professionals, and small businesses about the credit's availability and requirements