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2024 SESSION

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SB 419 Family caregiver; creates a nonrefundable income tax credit for taxable years 2024 through 2028.

Introduced by: Christopher T. Head | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons.

FULL TEXT

• 01/09/24  Senate: Prefiled and ordered printed; offered 01/10/24 24104631D  pdf | impact statement

HISTORY

• 01/09/24  Senate: Prefiled and ordered printed; offered 01/10/24 24104631D
• 01/09/24  Senate: Referred to Committee on Finance and Appropriations
• 02/07/24  Senate: Continued to 2025 in Finance and Appropriations (11-Y 4-N)