Bill > H2805

This bill provides an income tax exemption of $4,000 for certain individuals who care for their elderly relatives at home. To qualify, the taxpayer must have provided more than half of the support for an elderly relative who is at least 70 years old and lived with the taxpayer for more than 6 months of the taxable year. The taxpayer's adjusted gross income must not exceed $30,000 (for section 1) or $40,000 (for section 2) in the year the exemption is claimed. The bill also directs the commissioner to adopt rules and regulations to govern the provisions of the act, and the provisions will be effective for taxable years beginning January 1, 2022.

Budget and Finance

https://malegislature.gov/Bills/193/H2805