Bill > H82

This bill provides an income tax exemption of up to $4,000 for families caring for their elderly relatives at home. To qualify, the taxpayer must have provided more than half the support for an elderly relative aged 70 or older who resided with the taxpayer for more than six months of the taxable year. The exemption is available to taxpayers with an adjusted gross income of up to $30,000 (for single filers) or $40,000 (for joint filers). The bill also authorizes the tax commissioner to adopt rules and regulations to govern the implementation of this exemption, and states that the provisions will be effective for taxable years beginning January 1, 1998.

Budget and Finance, Health and Social Services

https://malegislature.gov/Bills/190/H82