To amend the Internal Revenue Code of 1986 to establish a refundable credit for expenses incurred for in vitro fertilization.

Bill: 118-hr-9479
Sponsor: full_name: Rep. Miller-Meeks, Mariannette [R-IA-1]
Introduced: 2024-09-06
Policy area: Taxation
Latest action: action_date: 2024-09-06
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9479 IN THE HOUSE OF REPRESENTATIVES September 6, 2024 Mrs. Miller-Meeks (for herself, Mr. Lawler , and Mrs. Chavez-DeRemer ) 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 credit for expenses incurred for in vitro fertilization.

1. In vitro fertilization 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: 36C. In vitro fertilization credit (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this subtitle an amount equal to so much of the qualified in vitro fertilization expenses of the individual for the taxable year as do not exceed the excess (if any) of— (1) $30,000, over (2) the aggregate amount allowed as a credit to the taxpayer under this section for all prior taxable years. (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) Denial of 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) Conforming amendments (1) Section 6211(b)(4)(A) 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 , 36C after , 36B . (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. In vitro fertilization credit. . (c) Effective date The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.