Bill > S2246

This bill establishes "The Rhode Island Family Caregiver Tax Credit Act," which will allow eligible resident taxpayers to claim a credit against their state income tax for expenses incurred while caring for an eligible family member. An eligible family caregiver is a resident taxpayer with a federal adjusted gross income below a certain threshold who has personally paid for caregiving expenses. An eligible family member is an individual aged 65 or older, or who has Social Security Disability Benefits Insurance, who lives with the caregiver for at least six months of the year, does not reside in a care facility, requires assistance with at least two "activities of daily living" (ADLs) such as bathing, dressing, or toileting, and is a qualifying relative like a spouse, dependent, or sibling. Eligible expenses include home modifications, necessary equipment, hiring home care aides, respite care, adult day care, personal care attendants, and certain technology. The credit will be 50% of eligible expenditures, with a maximum credit of $1,000 per taxpayer, and will apply to tax years beginning after December 31, 2026. The bill also specifies that the credit cannot reduce tax liability below zero and is not transferable to future tax years. This act takes effect upon passage.

Budget and Finance

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