Bill > H2704

This bill proposes to provide an income tax credit of $600 for Massachusetts taxpayers who have provided more than half the support for an elderly relative aged 70 or over, or a relative who is totally disabled with Alzheimer's disease. The relative must have resided with the taxpayer for more than 6 months of the taxable year, and the relative's adjusted gross income must not exceed $20,000 for a single return or $35,000 for a joint return. If the credit reduces the tax to zero, the taxpayer shall be entitled to a refund equal to the amount by which the credit exceeded the tax due.