Us Congress 2025-2026 Regular Session

Us Congress House Bill HB1427 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 1427
5	5	To amend the Internal Revenue Code of 1986 to increase the amount of
6	6	the adoption credit and to establish the in vitro fertilization expenses credit.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	FEBRUARY18, 2025
9	9	Mr. M
10	10	ACKENZIEintroduced the following bill; which was referred to the
11	11	Committee on Ways and Means
12	12	A BILL
13	13	To amend the Internal Revenue Code of 1986 to increase
14	14	the amount of the adoption credit and to establish the
15	15	in vitro fertilization expenses credit.
16	16	Be it enacted by the Senate and House of Representa-1
17	17	tives of the United States of America in Congress assembled, 2
18	18	SECTION 1. INCREASE IN ADOPTION CREDIT AMOUNT. 3
19	19	(a) I
20	20	NGENERAL.— 4
21	21	(1) I
22	22	NCREASE IN CREDIT FOR ADOPTION OF 5
23	23	CHILD WITH SPECIAL NEEDS .—Section 23(a)(3) of 6
24	24	the Internal Revenue Code of 1986 is amended— 7
25	25	(A) in the heading, by striking ‘‘
26	26	$10,000’’ 8
27	27	and inserting ‘‘
28	28	$25,000’’, and 9
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32	32	(B) by striking ‘‘$10,000’’ and inserting 1
33	33	‘‘$25,000’’. 2
34	34	(2) I
35	35	NCREASE IN MAXIMUM CREDIT AMOUNT .— 3
36	36	Section 23(b)(1) of such Code is amended by strik-4
37	37	ing ‘‘$10,000’’ and inserting ‘‘$25,000’’. 5
38	38	(b) C
39	39	HANGE INBASEYEAR FORINFLATIONADJUST-6
40	40	MENT.—Section 23(h) of such Code is amended to read 7
41	41	as follows: 8
42	42	‘‘(h) A
43	43	DJUSTMENTS FOR INFLATION.— 9
44	44	‘‘(1) I
45	45	N GENERAL.—In the case of a taxable 10
46	46	year beginning after December 31, 2025, each of the 11
47	47	dollar amounts in subsection (a)(3) and paragraphs 12
48	48	(1) and (2)(A)(i) of subsection (b) shall be increased 13
49	49	by an amount equal to— 14
50	50	‘‘(A) such dollar amount, multiplied by 15
51	51	‘‘(B) The cost-of-living adjustment deter-16
52	52	mined under section 1(f)(3) for the calendar 17
53	53	year in which the taxable year begins, deter-18
54	54	mined by substituting ‘calendar year 2024’ for 19
55	55	‘calendar year 2016’ in subparagraph (A)(ii) 20
56	56	thereof. 21
57	57	‘‘(2) R
58	58	OUNDING.—If any amount as increased 22
59	59	under paragraph (1)is not a multiple of $10, such 23
60	60	amount shall be rounded to the nearest multiple of 24
61	61	$10. 25
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65	65	‘‘(3) SPECIAL RULE FOR INCOME LIMITA -1
66	66	TION.—In the case of the dollar amount in sub-2
67	67	section (b)(2)(A)(i), paragraph (1) shall be ap-3
68	68	plied— 4
69	69	‘‘(A) by substituting ‘2002’ for ‘2024’ in 5
70	70	the matter preceding subparagraph (A), and 6
71	71	‘‘(B) by substituting ‘calendar year 2001’ 7
72	72	for ‘calendar year 2023’ in subparagraph (B) 8
73	73	thereof.’’. 9
74	74	(c) E
75	75	FFECTIVEDATE.—The amendments made by 10
76	76	this section shall apply to taxable years beginning after 11
77	77	December 31, 2024. 12
78	78	SEC. 2. IN VITRO FERTILIZATION EXPENSES CREDIT. 13
79	79	(a) I
80	80	NGENERAL.—Part IV of subchapter A of chap-14
81	81	ter 1 of the Internal Revenue Code of 1986 is amended 15
82	82	by inserting after section 25E the following new section: 16
83	83	‘‘SEC. 25F. IN VITRO FERTILIZATION EXPENSES. 17
84	84	‘‘(a) C
85	85	REDITALLOWED.—In the case of an indi-18
86	86	vidual, there shall be allowed as a credit against the tax 19
87	87	imposed by this chapter the amount of the qualified in 20
88	88	vitro fertilization expenses paid or incurred by the tax-21
89	89	payer during the taxable year. 22
90	90	‘‘(b) Q
91	91	UALIFIED IN VITROFERTILIZATIONEX-23
92	92	PENSES.—For purposes of this section, the term ‘qualified 24
93	93	in vitro fertilization expenses’ means amounts paid or in-25
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97	97	curred for medical care (as defined in section 213(d)) re-1
98	98	lating to in vitro fertilization for the taxpayer (or the tax-2
99	99	payer’s spouse, in the case of a joint return). 3
100	100	‘‘(c) N
101	101	ODOUBLEBENEFIT.—Any qualified in vitro 4
102	102	fertilization expense which would (but for this subsection) 5
103	103	be taken into account for purposes of any deduction (or 6
104	104	any credit other than the credit allowed under this section) 7
105	105	shall be reduced by the amount of the credit allowed under 8
106	106	subsection (a) with respect to such expense.’’. 9
107	107	(b) C
108	108	LERICALAMENDMENT.—The table of sections 10
109	109	for Part IV of subchapter A of chapter 1 of such Code 11
110	110	is amended by inserting after the item relating to section 12
111	111	25E the following new item: 13
112	112	‘‘Sec. 25F. In vitro fertilization expenses.’’.
113	113	(c) EFFECTIVEDATE.—The amendments made by 14
114	114	this shall apply to amounts paid or incurred after the date 15
115	115	of the enactment of this section. 16
116	116	Æ
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