To amend the Internal Revenue Code of 1986 to establish the newborn tax credit and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8806 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8806 To amend the Internal Revenue Code of 1986 to establish the newborn tax credit and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 13, 2026 Mr. Valadao (for himself, Mr. Suozzi, Mr. Moore of Utah, and Mrs. Dingell) 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 the newborn tax credit and for other purposes. 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 ``Supporting Newborn Parents Act of 2026''. SEC. 2. NEWBORN 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. NEWBORN TAX CREDIT. ``(a) Allowance of Credit.--There shall be allowed as a credit against the tax imposed by this subtitle an amount equal to $2,000 for each qualifying child of the taxpayer born during the taxable year. ``(b) Qualifying Child.--For purposes of this section, the term `qualifying child' has the meaning given such term in section 152(c). ``(c) Phaseout.--The amount determined under subsection (a) shall be reduced by $50 for every $1,000 by which the modified adjusted gross income (as defined in section 24(b)(1)) of the taxpayer for the applicable taxable year exceeds the threshold amount (as defined in section 24(b)(2)). ``(d) Earned Income Requirement.--The amount allowed under subsection (a) with respect to each qualifying child of the taxpayer shall not exceed the amount that is equal to 20 percent of the earned income (wit