· IN legislature · 2025

Newborn tax credit.

Amends the definition of adjusted gross income to remove the additional dependent child exemption of $1,500 in the first taxable year in which an allowed child is claimed. Establishes a refundable tax credit for newborn children, which an eligible taxpayer may claim only in the first taxable year in which a particul…

Sponsor

Greg Taylor (D-IN)

Introduced

2025-01-13

Policy area

Taxation

Latest action

Authored by Senator Taylor G