[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2637 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2637

  To amend the Internal Revenue Code of 1986 to allow a nonrefundable 
         credit for certain organized sport equipment expenses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 3, 2025

  Mr. Lawler introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow a nonrefundable 
         credit for certain organized sport equipment expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Home Run for Kids Act''.

SEC. 2. CREDIT FOR ORGANIZED SPORT EQUIPMENT EXPENSES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting before 
section 26 the following new section:

``SEC. 25F. ORGANIZED SPORT EQUIPMENT EXPENSES.

    ``(a) In General.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter for the 
taxable year an amount equal to the qualified organized sport equipment 
expenses paid or incurred by the taxpayer during the taxable year.
    ``(b) Limitations.--
            ``(1) Dollar limitation.--The credit allowed under 
        subsection (a) for the taxable year shall not exceed $200.
            ``(2) Income limitation.--
                    ``(A) In general.--The amount allowable as a credit 
                under subsection (a) for any taxable year shall be 
                reduced (but not below zero) by an amount which bears 
                the same ratio to the amount so allowable (determined 
                without regard to this paragraph but with regard to 
                paragraph (1)) as--
                            ``(i) the amount (if any) by which the 
                        taxpayer's modified adjusted gross income 
                        exceeds $150,000, bears to
                            ``(ii) $65,000.
                    ``(B) Modified adjusted gross income.--For purposes 
                of this paragraph, the term `modified adjusted gross 
                income' means the adjusted gross income of the taxpayer 
                for the taxable year increased by any amount excluded 
                from gross income under section 911, 931, or 933.
    ``(c) Qualified Organized Sport Equipment Expenses.--For purposes 
of this section, the term `qualified organized sport equipment 
expenses' means expenses which are paid or incurred for equipment in 
connection with participation of a dependent of the taxpayer (with 
respect to whom the taxpayer is allowed a deduction under section 
151(c)) in an organized sport, game, or hobby program that is conducted 
primarily for unrelated individuals who have not attained age 19 to 
engage in such sport, game, or hobby.''.
    (b) Clerical Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting before the item relating to section 26 the following new 
item:

``Sec. 25F. Organized sport equipment expenses.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.
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