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

Bill 119 HR 570, 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 applied in cases of stillbirths. Currently, the child tax credit is only available for children who are born alive and meet certain criteria. This bill seeks to extend this credit to families who have experienced the loss of a child through stillbirth.

If passed, this legislation would provide financial relief to families who have suffered the tragedy of stillbirth by allowing them to claim the child tax credit on their tax returns. This credit could help offset some of the financial burden that comes with the emotional toll of losing a child.

The bill does not specify any limitations on the number of stillbirths that would qualify for the tax credit, nor does it outline any income thresholds for eligibility. It simply aims to provide support to families during a difficult time. Overall, the Stillbirth Tax Credit Act is a bipartisan effort to provide assistance to families who have experienced the loss of a child through stillbirth. It recognizes the emotional and financial challenges that come with such a loss and seeks to provide some relief through the tax code.