To amend the Internal Revenue Code of 1986 to allow the child tax credit with respect to stillbirths.

Hozzl · 2023-12-15T15:57:40Z

Explore the details of House Bill 3054 To amend the Internal Revenue Code of 1986 to allow the child tax credit with respect to stillbirths. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 3:57 PM

Summary of Bill HR 3054

Bill 118 hr 3054, also known as the Stillbirth Tax Credit Act, aims to amend the Internal Revenue Code of 1986 to allow the child tax credit to be claimed in the case of stillbirths. Currently, the child tax credit is only available for children who are born alive and meet certain criteria.

This bill seeks to provide financial relief to families who have experienced the tragedy of stillbirth by allowing them to claim the child tax credit for the child they lost. This credit can help offset some of the financial burden that comes with the emotional toll of losing a child.

If passed, this bill would provide much-needed support to families who have experienced stillbirth and help them navigate the difficult financial implications of such a loss. It is a bipartisan effort to address a specific issue that affects many families across the country.

Congressional Summary of HR 3054

This bill allows the child tax credit to be used for stillbirths. A stillbirth is delivery after the involuntary death of an unborn child who was carried in the womb for 20 weeks or more.

Current Status of Bill HR 3054

Bill HR 3054 is currently in the status of Bill Introduced since May 2, 2023. Bill HR 3054 was introduced during Congress 118 and was introduced to the House on May 2, 2023. Bill HR 3054's most recent activity was Referred to the House Committee on Ways and Means. as of May 2, 2023