119-hr1427

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1427 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 1427

 To amend the Internal Revenue Code of 1986 to increase the amount of 
 the adoption credit and to establish the in vitro fertilization 
 expenses credit.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 February 18, 2025

Mr. Mackenzie 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 increase the amount of 
 the adoption credit and to establish the in vitro fertilization 
 expenses credit.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN ADOPTION CREDIT AMOUNT.

    (a) In General.--

    (1) Increase in credit for adoption of child with special 
 needs.--

Section 23

    (a)

    (3) of the Internal Revenue Code of 1986 
 is amended--
        (A) in the heading, by striking ``$10,000'' and 
 inserting ``$25,000'', and
        (B) by striking ``$10,000'' and inserting 
 ``$25,000''.

    (2) Increase in maximum credit amount.--

Section 23

    (b)

    (1) of 
 such Code is amended by striking ``$10,000'' and inserting 
 ``$25,000''.

    (b) Change in Base Year for Inflation Adjustment.--

Section 23

    (h) of 
such Code is amended to read as follows:
 ``

    (h) Adjustments for Inflation.--
 ``

    (1) In general.--In the case of a taxable year beginning 
 after December 31, 2025, each of the dollar amounts in 
 subsection

    (a)

    (3) and paragraphs

    (1) and

    (2)
        (A)
            (i) of 
 subsection

    (b) shall be increased by an amount equal to--
 ``
        (A) such dollar amount, multiplied by
 ``
        (B) The cost-of-living adjustment determined 
 under 

section 1

    (f)

    (3) for the calendar year in which 
 the taxable year begins, determined by substituting 
 `calendar year 2024' for `calendar year 2016' in 
 subparagraph
        (A)
            (ii) thereof.
 ``

    (2) Rounding.--If any amount as increased under paragraph

    (1) is not a multiple of $10, such amount shall be rounded to 
 the nearest multiple of $10.
 ``

    (3) Special rule for income limitation.--In the case of 
 the dollar amount in subsection

    (b)

    (2)
        (A)
            (i) , paragraph

    (1) shall be applied--
 ``
        (A) by substituting `2002' for `2024' in the 
 matter preceding subparagraph
        (A) , and
 ``
        (B) by substituting `calendar year 2001' for 
 `calendar year 2023' in subparagraph
        (B) thereof.''.
            (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.

SEC. 2. IN VITRO FERTILIZATION EXPENSES CREDIT.

    (a) In General.--Part IV of subchapter A of chapter 1 of the 
Internal Revenue Code of 1986 is amended by inserting after 

section 25E 
the following new section:

``

SEC. 25F. IN VITRO FERTILIZATION EXPENSES.

 ``

    (a) Credit Allowed.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter the amount 
of the qualified in vitro fertilization expenses paid or incurred by 
the taxpayer during the taxable year.
 ``

    (b) Qualified in Vitro Fertilization Expenses.--For purposes of 
this section, the term `qualified in vitro fertilization expenses' 
means amounts paid or incurred for medical care (as defined in 

section 213
            (d) ) relating to in vitro fertilization for the taxpayer (or the 
taxpayer's spouse, in the case of a joint return).
 ``
            (c) No Double Benefit.--Any qualified in vitro fertilization 
expense which would (but for this subsection) be taken into account for 
purposes of any deduction (or any credit other than the credit allowed 
under this section) shall be reduced by the amount of the credit 
allowed under subsection

    (a) with respect to such expense.''.

    (b) Clerical Amendment.--The table of sections for Part IV of 
subchapter A of chapter 1 of such Code is amended by inserting after 
the item relating to 

section 25E the following new item:

``

Sec. 25F. In vitro fertilization expenses.''.
            (c) Effective Date.--The amendments made by this shall apply to 
amounts paid or incurred after the date of the enactment of this 
section.
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