Us Congress House Bill HB9479

Us Congress 2023-2024 Regular Session

• Introduced: 9/6/24
• Refer: 9/6/24

Caption

To amend the Internal Revenue Code of 1986 to establish a refundable credit for expenses incurred for in vitro fertilization.

Impact

If enacted, this bill would introduce a new section within the Internal Revenue Code, directly impacting taxpayers who utilize in vitro fertilization as a means to address infertility. By providing financial relief through tax credits, the legislation is intended to promote accessibility to fertility treatments, potentially resulting in increased use of IVF services. This could have broader implications for healthcare practices related to reproductive health and elucidates a growing recognition of infertility as a medical condition deserving of financial support.

Summary

House Bill 9479 is a proposed amendment to the Internal Revenue Code of 1986 that seeks to establish a refundable tax credit specifically for expenses incurred for in vitro fertilization (IVF). The bill allows individuals a tax credit up to $30,000 for qualified IVF expenses per taxable year, reduced by any credits claimed in previous tax years. This initiative aims to alleviate some of the financial burdens associated with IVF treatment, which can be prohibitively expensive for many couples trying to conceive.

Contention

Notable contentions surrounding HB 9479 could center on the broader discussion of healthcare funding and the equitable distribution of medical resources. Supporters advocate for the importance of supporting reproductive health and the financial burdens it imposes on individuals and families, arguing that accessibility to treatments like IVF is critical. Conversely, opponents may raise concerns about the sustainability of such tax credits, funding implications, and whether governmental resources should prioritize other healthcare needs over fertility treatments. This legislative measure also opens debates on how society values reproductive health issues compared to other pressing health concerns.