2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Rasoul
HB 291: Caregiver Tax Credit

Item 274 #5h

Item 274 #5h

First Year - FY2023 Second Year - FY2024
Department of Taxation FY2023 $8,000,000 FY2024 $8,000,000 GF
FY2023 1.00 FY2024 1.00 FTE

Page 272, line 42, strike "$65,177,884" and insert "$73,177,884".
Page 272, line 42, strike "$64,483,969" and insert "$72,483,969".


(This amendment provides funding from the general fund and a position at the Department of Taxation for costs associated with House Bill 291, which establishes a family caregiver tax credit. Specifically, the bill creates a nonrefundable income tax credit for taxable years 2022 through 2026 for expenses incurred by an individual in caring for an eligible family member who requires assistance with one or more activities of daily living. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons. The bill requires the Tax Commissioner to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued. The bill is a recommendation of the Joint Commission on Health Care. This is a placeholder amendment until a final fiscal impact statement is produced.)