SB 1220 Summary

• Establishes a new income tax credit for taxpayers who incur qualifying expenses for caring for eligible family members in their home, effective for taxable years beginning after December 31, 2018.

• Credit amount equals 50% of qualifying expenses, with a maximum credit of $1,000 per taxpayer per year.

• Eligibility requires Arizona residency, Arizona gross income not exceeding $75,000 (single filers) or $150,000 (joint filers), and incurring expenses for care of a qualifying family member.

• Qualifying expenses include home modifications for mobility/safety, equipment purchases or leases, home care aides, adult day care, transportation, and assistive care technology; excludes regular food, clothing, gifts, ordinary repairs, and any insurance-reimbursed amounts.

• Qualifying family members must be at least 18 years old, require daily living assistance certified by a licensed physician, and be the taxpayer's spouse or blood/adoptive relative (descendant, stepchild, parent, sibling, uncle, aunt, or ancestor).