TO CREATE THE CARING FOR CAREGIVERS ACT; AND TO PROVIDE AN INCOME TAX CREDIT FOR EXPENSES INCURRED IN CARING FOR CERTAIN FAMILY MEMBERS.

Fiscal Impact Statement Bill: HB1076 Bill Subtitle: TO CREATE THE CARING FOR CAREGIVERS ACT; AND TO PROVIDE AN INCOME TAX CREDIT FOR EXPENSES INCURRED IN CARING FOR CERTAIN FAMILY MEMBERS. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Hudson Basic Change: HB1076 creates the "Caring for Caregivers Act" which provides a non-refundable income tax credit for eligible expenditures incurred by a caregiver in caring for a family member who requires assistance with activities of daily living. To be eligible, the taxpayer must: • Provide care and support for an eligible family member; • Have a total adjusted gross income of less than $50,000, including any spousal income; and • Personally incur uncompensated expenses directly related to caregiving (eligible expenditures include: home improvements that allow the family member to remain mobile, safe, and independent; equipment purchases that assist in activities of daily living; and other expenses that assist in caring for the family member such as home care aides and adult day care). The family member must: • Be at least 62 years old; • R