Bill > HB601

This bill creates a new nonrefundable tax credit for eligible caregivers who incur unreimbursed expenses in providing in-home care for eligible family members aged 62 or older who require assistance with at least two activities of daily living. The credit is equal to 50% of eligible expenses, up to $3,000 if the family member is a veteran or has dementia, or $2,000 for other eligible family members. The bill also orders the credit within the existing framework of tax credits in Kentucky and requires the Department of Revenue to report on the credit's usage.