Bill Summary: SB00274

• Allows Connecticut state income tax deduction for ordinary and necessary expenses paid for full-time home health care for persons age 70 or older related by blood, adoption, or marriage, up to $60,000 per year.

• Includes coverage for medical supplies and in-home services from homemaker-companion agencies (as defined in section 20-670) and home health agencies (as defined in section 19a-490).

• Allows deduction for care expenses of qualifying individuals as defined in Sections 21(b)(1)(B) and 21(b)(1)(C) of the Internal Revenue Code, also capped at $60,000 per year.

• Effective from passage and applicable to taxable years commencing on or after January 1, 2021.

• Modifies Connecticut General Statutes section 12-701(a)(20)(B) to add these deductions as subparagraphs (xxvi) and (xxvii).