Bill > HB226

This bill creates a new tax credit for eligible caregivers who provide in-home care for family members aged 62 or older who require assistance with at least two activities of daily living. For taxable years 2026-2030, caregivers can claim a nonrefundable credit equal to 50% of their eligible expenses, with a maximum of $3,000 for veterans or individuals with dementia, and $2,000 for other eligible family members. To qualify, the caregiver's modified gross income must not exceed $100,000, and eligible expenses can include hiring home care aides, respite care, adult day care, personal care attendants, health care equipment, home modifications, technology, and medical equipment leasing. The total available tax credits are capped at $1,500,000 per year, and if multiple caregivers are caring for the same family member, they cannot claim credits for the same expenses. The Department of Revenue will be required to submit annual reports to the Legislative Research Commission detailing the credit's usage, including geographic and income-level breakdowns, to help evaluate the program's effectiveness.