,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #dfec  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bc1 #bjbe,mr4  
,figures introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to e/abli% a refundable  
tax cr$it = fir/-"t p>5ts4  #a4 ,%ort   
title ,?is ,act may be cit$ z !         
,fir/-,"t ,p>5ts ,tax ,cr$it ,act4  #b4 
,fir/-"t p>5ts tax cr$it  7a7 ,9 g5]al  
,subp>t ,c ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] section   
#cf;,b ! foll[+ new section3  #cf;,c4   
,fir/-"t p>5ts tax cr$it  7a7 ,all[ance 
( cr$it ,9 ! case ( an eligible new     
p>5t1 !re %all be all[$ z a cr$it aga9/ 
! tax impos$ by ?is *apt] = ! taxable   
ye> an am\nt equal to #a1bej 7twice su* 
am\nt 9 ! case ( two eligible new p>5ts 
fil+ a jo9t return74  7b7 ,eligible new 
p>5t ,= purposes ( ?is section1 ! t]m   
eligible new p>5t means1 ) respect to a 
taxable ye>1 a taxpay]--  7#a7 :o has n 

claim$ ! cr$it 9 a prior taxable ye>1 & 
7#b7 :o is--  7,a7 ! p>5t ( a qualify+  
*ild 7z def9$ 9 section #aeb7;c77 :o 0  
born or adopt$ dur+ ! taxable ye>1 or   
7,b7 ! non-cu/odial p>5t ( a *ild :o 0  
born or adopt$ 9 ! taxable ye>          
imm$iately prec$+ ! curr5t taxable ye>4 
7c7  ,non-,cu/odial p>5t  ,= purposes ( 
?is section1 ! t]m non-cu/odial p>5t    
means an individual--  7#a7 ^: "n appe>s
 on ! bir? c]tificate ( ! *ild ) respect
 to :om a cr$it is all[$ "u subsection  
7a71 &  7#b7 :o c n claim su* *ild z a  
qualify+ *ild dur+ ! taxable ye> 9 :i* !
 cr$it "u subsection 7a7 is all[$ to su*
 individual4  4  7b7 ,con=m+ am5dm5ts   
7#a7 ,section #fbaa7;b77#d7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ by      
ins]t+ #cf;,c1 aft] #cf;,b14  7#b7      
,section #acbd7;b77#b7 ( title #ca1     
,unit$ ,/ates ,code1 is am5d$ by ins]t+ 
#be;,e1 aft] #be;,a14  7#c7 ,! table (  
sections = subp>t ,c ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+

 aft] ! item relat+ to section #cf;,b ! 
foll[+ new item3  ,sec4 #cf;,c4 ,fir/-"t
 p>5ts tax cr$it4  4  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjbe4