The bill amends the Income Tax Act of 1967 by updating the definition of "Dependent" in Section 8. The new definition includes a qualifying child and a qualifying relative as defined by the Internal Revenue Code. Additionally, for tax years beginning on or after January 1, 2025, the bill introduces a provision that recognizes a fetus as a dependent if it has completed a specified number of weeks of gestation and has been under the care of a physician. The bill also clarifies the definitions of "Fetus" and "Physician" in this context.

Furthermore, the bill retains the definitions of "Employee" and "Employer" as per the Internal Revenue Code, ensuring that individuals from whom employers are required to withhold federal income tax are considered employees, and those required to withhold are deemed employers. The amendments aim to modernize the tax code in relation to dependents, particularly in recognizing the status of a fetus, which reflects evolving societal and legal perspectives on family and taxation.

Statutes affected:
Senate Introduced Bill: 206.8