Bill > S08650

This bill establishes a caregiver tax credit of up to $6,000 for qualifying taxpayers who provide care for an individual over 18 years old needing assistance with daily living activities and who meet certain dependency and income requirements, allowing them to claim 50% of their out-of-pocket caregiver expenses as a credit against their taxes, with any excess credit being refunded without interest. Additionally, it creates a family caregiver reimbursement program, administered by the state office responsible for aging, to help offset family caregivers' direct spending on items like home modifications and assistive technology, with both programs requiring the development of necessary rules and regulations by the relevant state agencies.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S8650