Newborn CARES Act

I 116TH CONGRESS 2D SESSION H. R. 7884 To require the Internal Revenue Service to establish a procedure by which parents may immediately claim the recovery rebate amount for children born in 2020. IN THE HOUSE OF REPRESENTATIVES JULY 30, 2020 Mr. PASCRELL (for himself, Mrs. WALORSKI, Mr. PANETTA, and Mr. SCHWEIKERT) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To require the Internal Revenue Service to establish a proce- dure by which parents may immediately claim the recov- ery rebate amount for children born in 2020. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Newborn CARES 4 Act’’. 5 SEC. 2. ADVANCE RECOVERY PAYMENTS FOR CHILDREN 6 BORN IN 2020. 7 (a) IN GENERAL.—Paragraph (3) of section 6428(f) 8 of the Internal Revenue Code of 1986, as added by the 9 VerDate Sep 11 2014 04:08 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7884.IH H7884 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7884 IH CARES Act (Public Law 116–136), is amended by adding 1 at the end the following new subparagraph: 2 ‘‘(D) PAYMENTS RELATING TO CHILDREN 3 BORN IN 2020.— 4 ‘‘(i) IN GENERAL.—In the case of a 5 qualifying child (within the meaning of sec- 6 tion 24(c)) of the taxpayer born during 7 calendar year 2020, for purposes of deter- 8 mining the advance refund amount of the 9 taxpayer under paragraph (2), such child 10 shall be treated as if the child had been 11 born in calendar year 2019 (or 2018, in 12 the case of a taxpayer to whom paragraph 13 (5)(A) applies) and taken into account as 14 a dependent of the taxpayer for such year. 15 ‘‘(ii) CLAIMS.—The Secretary shall es- 16 tablish a procedure to allow a taxpayer to 17 file a claim, during calendar year 2020, for 18 the dollar amount attributable under sub- 19 section (a)(2) (as adjusted under sub- 20 section (c)) to a child described in clause 21 (i). Such a claim— 22 ‘‘(I) shall be filed in such manner 23 as the Secretary shall prescribe, and 24 VerDate Sep 11 2014 04:08 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H7884.IH H7884 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 7884 IH ‘‘(II) shall include the social se- 1 curity number (as defined in section 2 24(h)(7)) of such child. 3 Any amount with respect to which a valid 4 claim is filed shall be refunded or credited 5 as rapidly as possible according to the 6 rules of this paragraph, without regard to 7 whether the taxpayer has previously re- 8 ceived payment of any advance refund 9 amount (or any portion of such amount) 10 under this subsection. 11 ‘‘(iii) QUALIFYING CHILD.—Solely for 12 purposes of this subparagraph, in applying 13 section 24(c), any child of the taxpayer 14 who is born during calendar year 2020 15 shall be deemed to have satisfied the re- 16 quirements of subparagraphs (B) and (D) 17 of section 152(c)(1) if such child satisfies 18 such requirements for the period beginning 19 on the date of birth of the child and end- 20 ing on the date the claim is filed. 21 ‘‘(iv) DENIAL OF DOUBLE CLAIMS.— 22 Only 1 refund or credit by reason of this 23 subparagraph shall be issued with respect 24 to any qualifying child.’’. 25 VerDate Sep 11 2014 04:08 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H7884.IH H7884 kjohnson on DSK79L0C42PROD with BILLS 4 •HR 7884 IH (b) EFFECTIVE DATE.—The amendment made by 1 this section shall take effect as if included in the enact- 2 ment of section 2201 of the CARES Act (Public Law 116– 3 136). 4 Æ VerDate Sep 11 2014 04:08 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H7884.IH H7884 kjohnson on DSK79L0C42PROD with BILLS