H.R. 4653

119 HR 4653 IH: First-Time Parents Tax Credit Act
 U.S. House of Representatives
 2025-07-23
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 4653  IN THE HOUSE OF REPRESENTATIVES   July 23, 2025   Mr. Figures  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for first-time parents.
1.
Short title
This Act may be cited as the   First-Time Parents Tax Credit Act  .
2.
First-time parents tax credit
(a)
In general
Subpart C of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section:
36C.
First-time parents tax credit
(a)
Allowance of credit
In the case of an eligible new parent, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to $1,250 (twice such amount in the case of two eligible new parents filing a joint return).
(b)
Eligible new parent
For purposes of this section, the term  eligible new parent  means, with respect to a taxable year, a taxpayer—
(1)
who has not claimed the credit in a prior taxable year, and
(2)
who is—
(A)
the parent of a qualifying child (as defined in section 152(c)) who was born or adopted during the taxable year, or
(B)
the non-custodial parent of a child who was born or adopted in the taxable year immediately preceding the current taxable year.
(c)
Non-Custodial parent
For purposes of this section, the term  non-custodial parent  means an individual—
(1)
whose name appears on the birth certificate of the child with respect to whom a credit is allowed under subsection (a), and
(2)
who can not claim such child as a qualifying child during the taxable year in which the credit under subsection (a) is allowed to such individual.
 .
(b)
Conforming amendments
(1)
 Section 6211(b)(4)  of the Internal Revenue Code of 1986 is amended by inserting  36C,  after  36B, .
(2)
Section 1324(b)(2) of title 31, United States Code, is amended by inserting  25E,  after  25A, .
(3)
The table of sections for subpart C of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item:
Sec. 36C. First-time parents tax credit.
  .
(c)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.