Title: Newborn CARES Act
Policy area: Taxation

Summary:
Newborn CARES Act
This bill treats children of a taxpayer born in 2020 as born in calendar year 2019 for purposes of the advance recovery rebate allowed by the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. The Internal Revenue Service must establish a procedure to allow a taxpayer to file a claim for such rebate during calendar year 2020.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3679 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3679

  To require the Internal Revenue Service to establish a procedure by 
  which parents may immediately claim the recovery rebate amount for 
                         children born in 2020.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 11, 2020

Ms. Duckworth (for herself, Mr. Scott of South Carolina, Ms. Klobuchar, 
     Mr. Braun, Mr. Wyden, Mr. Lankford, Ms. Smith, and Ms. Ernst) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To require the Internal Revenue Service to establish a procedure by 
  which parents may immediately claim the recovery rebate amount for 
                         children born in 2020.

    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 ``Newborn CARES Act''.

SEC. 2. ADVANCE RECOVERY PAYMENTS FOR CHILDREN BORN IN 2020.

    (a) In General.--Paragraph (3) of section 6428(f) of the Internal 
Revenue Code of 1986, as added by the CARES Act (Public Law 116-136), 
is amended by adding at the end the following new subparagraph:
                    ``(D) Payments relating to children born in 2020.--
                            ``(i) In general.--In the case of a 
                        qualifying child (within the meaning of section 
                        24(c)) of the taxpayer born during calendar 
                        year 2020, for purposes of determining the 
                        advance refund amount of the taxpayer under 
                        paragraph (2), such child shall be treated as 
                        if the child had been born in calendar year 
                        2019 (or 2018, in the case of a taxpayer to 
                        whom paragraph (5)(A) applies) and taken into 
                        account as a dependent of the taxpayer for such 
                        year.
                            ``(ii) Claims.--The Secretary shall 
                        establish a procedure to allow a taxpayer to 
                        file a claim, during calendar year 2020, for 
                        the dollar amount attributable under subsection 
                        (a)(2) (as adjusted under subsection (c)) to a 
                        child described in clause (i). Such a claim--
                                    ``(I) shall be filed in such manner 
                                as the Secretary shall prescribe, and
                                    ``(II) shall include the social 
                                security number (as defined in section 
                                24(h)(7)) of such child.
                        Any amount with respect to which a valid claim 
                        is filed shall be refunded or credited as 
                        rapidly as possible according to the rules of 
                        this paragraph, without regard to whether the 
                        taxpayer has previously received payment of any 
                        advance refund amount (or any portion of such 
                        amount) under this subsection.
                            ``(iii) Qualifying child.--Solely for 
                        purposes of this subparagraph, in applying 
                        section 24(c), any child of the taxpayer who is 
                        born during calendar year 2020 shall be deemed 
                        to have satisfied the requirements of 
                        subparagraphs (B) and (D) of section 152(c)(1) 
                        if such child satisfies such requirements for 
                        the period beginning on the date of birth of 
                        the child and ending on the date the claim is 
                        filed.
                            ``(iv) Denial of double claims.--Only 1 
                        refund or credit by reason of this subparagraph 
                        shall be issued with respect to any qualifying 
                        child.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the enactment of section 2201 of the CARES Act 
(Public Law 116-136).
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