To amend the Internal Revenue Code of 1986 to increase the amount of the adoption credit and to establish the in vitro fertilization expenses credit.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1427 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1427 To amend the Internal Revenue Code of 1986 to increase the amount of the adoption credit and to establish the in vitro fertilization expenses credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 18, 2025 Mr. Mackenzie 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 increase the amount of the adoption credit and to establish the in vitro fertilization expenses credit. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INCREASE IN ADOPTION CREDIT AMOUNT. (a) In General.-- (1) Increase in credit for adoption of child with special needs.--Section 23(a)(3) of the Internal Revenue Code of 1986 is amended-- (A) in the heading, by striking ``$10,000'' and inserting ``$25,000'', and (B) by striking ``$10,000'' and inserting ``$25,000''. (2) Increase in maximum credit amount.--Section 23(b)(1) of such Code is amended by striking ``$10,000'' and inserting ``$25,000''. (b) Change in Base Year for Inflation Adjustment.--Section 23(h) of such Code is amended to read as follows: ``(h) Adjustments for Inflation.-- ``(1) In general.--In the case of a taxable year beginning after December 31, 2025, each of the dollar amounts in subsection (a)(3) and paragraphs (1) and (2)(A)(i) of subsection (b) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) The cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2024' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(2) Rounding.--If any