Income tax, state; birth of dependent household member tax deduction.

Birth of dependent household member tax deduction. Allows an income tax deduction for the birth of adependent member of a taxpayer's household that occurs during thetaxable year, beginning in taxable year 2024. The bill provides thatthe deduction will be in the amount of (i) $1,000 for a married couple filing jointly or (ii) $500 for an individual.