First-Time Parents Tax Credit Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4653 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 4653

 To amend the Internal Revenue Code of 1986 to establish a refundable 
                   tax credit for first-time parents.


_______________________________________________________________________


                    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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``First-Time Parents Tax Credit Act''.

SEC. 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:

``SEC. 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.
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