Yes a new code will be added within the Q2 2023 HRMS update that is scheduled to be released next week, Thursday, June 15th. 

Is there more detail on how that code needs to be set up?

For more information, including details about setting up local tax codes, see Sage Knowledgebase article Setting Up and Updating Payroll for States with a Paid Family and Medical Leave Law.

For more information, including details about setting up local tax codes, see Sage Knowledgebase article Setting Up and Updating Payroll for States with a Paid Family and Medical Leave Law.