,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hhjf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ac1 #bjbf,mr4   
,valadao 7= himself1 ,mr4 ,suozzi1 ,mr4 
,moore ( ,utah1 & ,mrs4 ,d+ell7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to e/abli% ! newborn tax  
cr$it & = o!r purposes4  #a4 ,%ort title
  ,?is ,act may be cit$ z ! ,support+   
,newborn ,p>5ts ,act ( #bjbf4  #b4      
,newborn 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 ,newborn   
tax cr$it  7a7 ,all[ance ( cr$it ,!re   
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is subtitle an am\nt equal to
 #b1jjj = ea* qualify+ *ild ( ! taxpay] 
born dur+ ! taxable ye>4  7b7 ,qualify+ 
*ild ,= purposes ( ?is section1 ! t]m   
qualify+ *ild has ! mean+ giv5 su* t]m 9
 section #aeb7;c74  7c7 ,phase\t ,!     

am\nt det]m9$ "u subsection 7a7 %all be 
r$uc$ by #ej = e #a1jjj by :i* ! modifi$
 adju/$ gross income 7z def9$ 9 section 
#bd7;b77#a77 ( ! taxpay] = ! applicable 
taxable ye> exce$s ! ?re%old am\nt 7z   
def9$ 9 section #bd7;b77#b774  7d7 ,e>n$
 income requirem5t ,! am\nt all[$ "u    
subsection 7a7 ) respect to ea* qualify+
 *ild ( ! taxpay] %all n exce$ ! am\nt t
 is equal to #bj p]c5t ( ! e>n$ income  
7)9 ! mean+ ( section #cb7 ( ! taxpay] =
 ! applicable taxable ye>4  7e7         
,applicable taxable ye> ,= purposes (   
?is section1 ! t]m applicable taxable   
ye> means--  7#a7 ! taxable ye> 9 :i* ! 
qualify+ *ild ) respect to :i* ! cr$it  
is all[$ "u subsection 7a71 or  7#b7 at 
! election ( ! taxpay]1 ! prec$+ taxable
 ye>4  7f7 ,advance paym5t  7#a7 ,9     
g5]al ,at ! election ( ! taxpay]1 !     
,secret>y %all1 n lat] ?an #f weeks aft]
 receiv+ ! in=mation describ$ 9 section 
#bje7;c77#b77;,b77iv7 ( ! ,social       
,security ,act relat+ to a qualify+ *ild
 ( ! taxpay]1 make a paym5t to ! taxpay]

 9 an am\nt equal to ! am\nt all[able z 
a cr$it to ! taxpay] = ! taxable ye> 9  
:i* su* qualify+ *ild is born4  7#b7    
,election to use e/imat$ income ,at !   
election ( a taxpay] :o has n made !    
election describ$ 9 subsection 7e77#b71 
! am\nt ( ! advanc$ paym5t "u p>agraph  
7#a7 may be det]m9$--  7,a7 by ins]t+   
taxpay]'s e/imate ( su* taxpay]'s aft]  
by :i* ! 9 subsection 7c71 &  7,b7 by   
ins]t+ taxpay]'s e/imate ( ! taxpay]'s  
aft] #bj p]c5t ( ! 9 subsection 7d74    
7#c7 ,reconciliation ( cr$it & advance  
cr$it ,if ! aggregate paym5ts made to ! 
taxpay] "u p>agraph 7#a7 dur+ ! taxable 
ye> exce$s ! am\nt ( ! cr$it all[$ "u   
?is section to su* taxpay] = su* taxable
 ye>1 ! tax impos$ by ?is *apt] = su*   
taxable ye> %all be increas$ by ! am\nt 
( su* excess4 ,any failure to s increase
 ! tax %all be treat$ z aris+ out ( a   
ma!matical or cl]ical error & assess$   
accord+ to section #fbac7;b77#a74  7g7  
,special rule ,rules simil> to ! rules (
 section #bd7;h77#g77;,a7 %all apply to 

?is section4  7h7 ,inflation adju/m5t   
7#a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ aft] #bjbf1 ! #b1jjj am\nt 9 
subsection 7a7 %all be increas$ by an   
am\nt equal to-- 7,a7 su* doll> am\nt1  
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjbe = 
cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 
!re(4  7#b7 ,r\nd+ ,if any increase "u  
p>agraph 7#a7 is n a multiple ( #ajj1   
su* increase %all be r\nd$ to ! ne>e/   
multiple ( #aj4  4  7b7 ,in=mation      
collect$ by ,commission] ( ,social      
,security ,section #bje7;c77#b77;,b7 ( !
 ,social ,security ,act 7#db ,u4,s4,c4  
#dje7;c77#b77;,b77 is am5d$ by add+ at !
 end ! foll[+3  7iv7 ,! ,commission]    
%all1 9 c>ry+ out ! requirem5t (        
subp>agraph 7,b77i77,,iv71 require an   
individual apply+ = a social security   
acc\nt numb] on behalf ( a *ild to      
provide to ! ,commission] ! foll[+      
in=mation3  7,i7 ,! "n ( ! p>5ts4       

7,,ii7 ,! social security acc\nt numb]s 
( ! p>5ts4  7,,iii7 ,an election z to   
:e!r ! p>5ts want to receive ! newborn  
tax cr$it det]m9$ "u section #cf;,c ( ! 
,int]nal ,rev5ue ,code ( #aihf ?r\gh    
direct deposit or a *eck 9 ! mail4      
7,,iv7 ,an election z to ! elections    
describ$ 9--  7aa7 section #cf;,c7e77#b7
 ( su* ,code1  7bb7 section             
#cf;,c7f77#a7 ( su* ,code1 &  7cc7      
#cf;,c7f77#b7 ( su* ,code4  7,v7 ,!     
address ( ! p>5ts4  7,,vi7 ,9 ! case !  
p>5ts elect to receive a direct deposit1
 any in=mation ! ,commission] det]m9es  
necess>y to make ! direct deposit4      
7,,vii7 ,9 ! case ( p>5ts mak+ an       
election to use e/imat$ am\nts "u       
section #cf;,c7f77#b7 ( su* ,code1 !    
am\nt ( ! e/imates describ$ 9 su*       
section4  7v7 ,! ,commission] %all      
submit ! in=mation receiv$ "u clause    
7iv7 to ! ,secret>y ( ! ,treasury n lat]
 ?an #de days aft] ! ,commission] issues
 a social security acc\nt numb] to !    
*ild :o is ! subject ( su* in=mation4  4

  7c7 ,in=mation = taxpay]s ,! ,secret>y
 ( ! ,treasury1 act+ ?r\gh !            
,commission] ( ,int]nal ,rev5ue1 %all   
provide to ea* individual describ$ 9    
section #bje7;c77#b77;,b77iv7 ( !       
,social ,security ,act 7#db ,u4,s4,c4   
#dje7;c77#b77;,b77iv77 pla9 language    
guidance--  7#a7 to assi/ su* individual
 to det]m9e h[ elections made pursuant  
to sections #cf;,c7e77#b71              
#cf;,c7f77#a71 & #cf;,c7f77#b7 ( !      
,int]nal ,rev5ue ,code ( #aihf w affect 
! am\nt ( ! cr$it det]m9$ = su* taxpay] 
= ! taxable ye>1  7#b7 to assi/ su*     
individual to det]m9e e/imat$ modifi$   
adju/$ gross income 7z def9$ 9 section  
#cf;,c7b77#a7 ( su* ,code7 & e>n$ income
 7)9 ! mean+ ( section #cb ( su* ,code7 
= ! taxable ye>1 &  7#c7 to expla9 h[   
reconciliation ( ! advanc$ cr$it "u     
section #cf;,c7f77#c7 ( su* ,code may   
affect ! taxpay]4  7d7 ,onl9e portal ,! 
,secret>y ( ! ,treasury %all e/abli% an 
onl9e portal--  7#a7 :i* provides !     
in=mation describ$ 9 subsection 7c71 &  

7#b7 ?r\gh :i* a taxpay] may make an    
election "u section #cf;,c7f77#a7 ( su* 
,code 7z add$ by ?is section74  7e7     
,con=m+ am5dm5ts  7#a7 ,section         
#fbaa7;b77#d77;,a7 ( su* ,code is am5d$ 
by ins]t+ 1 #cf;,c aft] #cf;,b4  7#b7   
,section #acbd7;b77#b7 ( title #ca1     
,unit$ ,/ates ,code1 is am5d$ by ins]t+ 
1 #cf;,c aft] 1 #cf;,b4  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;,c ,newborn 
tax cr$it4  4  7f7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbe4