AR HB1862

Increases the income tax credit for taxpayers maintaining, supporting, and caring for an individual with a developmental disability in their home from $500 to $750 per year

Repeals the existing $500 income tax deduction for caring for a totally and permanently disabled child, replacing it with the enhanced tax credit system

Expands who can certify a developmental disability to include licensed advanced practice registered nurses and licensed physician assistants, in addition to physicians, psychologists, and psychological examiners

Adopts the federal definition of "developmental disability" from 42 U.S.C. § 15002 and expands "individual" to include dependents, not just biological or adopted children

Effective for tax years beginning on or after January 1, 2025