Bill > SB2473

This bill establishes a refundable tax credit of up to $5,000 per year for eligible taxpayers who provide unpaid care to a "care recipient" - an individual with certain impairments or disabilities who is not covered by other government or private home-based care services. To be eligible, the taxpayer must have a federal adjusted gross income of $75,000 or less (or $125,000 if filing jointly) and have not claimed a separate dependent care credit. The bill defines "qualified expenses" that can be claimed, such as home modifications, medical equipment, and respite care. The Department of Taxation is required to report to the legislature annually on the number of taxpayers claiming the credit and its total cost to the state.