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Panel hears bill creating a $3,000 'birthday' tax credit for families with newborns
Summary
House Bill 537 would create a newborn tax credit of up to $3,000 for working families, with income caps and a phase‑out; sponsors argued it helps offset immediate costs of childbirth and supports family stability, while tax professionals urged caution about timing and delivery mechanisms.
Representative Lucas Schubert opened the HB 537 hearing saying the bill would create a one‑time $3,000 “birthday” tax credit for qualifying taxpayers who have a newborn. The proposed credit targets single filers with adjusted gross income under $60,000 and joint filers under $120,000, with a phase‑out of $150 for every additional $1,000 of income above those thresholds.
Schubert said the credit is designed to be narrowly targeted and not fully refundable: it applies only to taxpayers who have paid state income tax, federal income tax or FICA during the tax year, so the amount credited is limited to…
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