Bill > SB465

This bill, known as the Caregiver Tax Credit Act, establishes a tax credit for eligible family members who provide care to an eligible family member, beginning with taxable years on or after January 1, 2028. An "eligible family member" is defined as an individual aged 62 or older, who lives in a private home and not a care facility, and requires assistance with at least one "activity of daily living" (which includes basic self-care like ambulating, feeding, dressing, hygiene, continence, and toileting), as certified by a healthcare provider. A "family caregiver" is a resident individual providing physical or financial support to an eligible family member and who has personally paid for uncompensated expenses related to this care. "Eligible expenditures" that qualify for the credit include improvements to a residence to enhance safety and independence, necessary medical equipment, and other direct care costs such as hiring home care aides, respite care, adult day care, health equipment, and assistive technology, provided these expenses are not reimbursed by other sources. The credit will be 50% of eligible expenditures, with a maximum credit of $2,000 per year, or $3,000 if the eligible family member is a veteran, and this amount will be adjusted annually for inflation. The credit is nonrefundable, meaning it can reduce tax liability to zero but any unused portion cannot be carried forward, and only one family caregiver can claim the credit per taxable year. To manage the program's cost, the total amount of credits claimed by all taxpayers will be capped at $5 million annually, with the West Virginia Department of Revenue adjusting the credit amount proportionally if claims exceed this limit, and the department is tasked with creating rules to implement and administer this credit.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=465&year=2026&sessiontype=RS&btype=bill