Newborn and stillborn tax credit; establishes a refundable income tax credit.

Newborn and stillborn tax credit. Establishes a refundable income tax credit for taxable years 2025 through 2029 for married individuals in an amount equal to $2,000 per eligible birth, defined in the bill. The bill also allows individuals and married individuals filing jointly to claim a refundable credit in an amount equal to $2,000 per stillborn birth so long as such stillborn birth is not also the birth of a child by a surrogate. The bill specifies that only one tax credit may be claimed for each eligible birth or stillborn birth.