Family and Medical Leave Account Act of 1993

[AI summary unavailable — showing source text] Family and Medical Leave Account Act of 1993 - Amends the Internal Revenue Code to exclude from gross income an employer contribution or employee salary reduction for payment to an account established pursuant to an employer-provided family and medical leave plan. Prohibits such contribution or salary reduction from exceeding one-half of an employee's income of up to $50,000. Prohibits compensation in excess of $50,000 from being taken into account. Specifies leave plan requirements (including a one-year employment requirement) and employees excluded from such plan (including certain part-time employees). Includes any eventual distribution from a family and medical leave account as gross income of the individual for whose benefit the account was established. Exempts the account itself from taxation unless it has ceased to qualify as such an account (i.e., if it is pledged as security for a loan or debt). Provides for treatment of the account on separation from service or death. Defines a "qualified family and medical leave plan" as any plan which is maintained by an employer for providing employees with family or medical leave and which meets the purposes of this Act (i.e., to cove…