AR HB1815

Creates an income tax credit for family caregivers with adjusted gross income under $75,000 (individuals) or $150,000 (married couples) who provide care to eligible family members requiring assistance with daily living activities.

Eligible expenses include home modifications for safety and accessibility, equipment purchases or leases, home care aides, respite care, adult day care, transportation, legal and financial services, and assistive technology, but exclude general household maintenance.

Income tax credit equals the lesser of 50% of eligible expenses or $1,000 per tax year, and cannot exceed the taxpayer's actual income tax liability.

Eligible family members must be at least 18 years old, require assistance with at least one activity of daily living (certified by a licensed healthcare practitioner), and be a dependent, spouse, parent, or other blood/marriage relation of the caregiver.

Effective for tax years beginning on or after January 1, 2024; if multiple taxpayers claim the credit for the same eligible family member, the credit is allocated equally among them.