HI HB701

Establishes a family caregiver tax credit for unpaid family caregivers who provide care to relatives with impairments in at least two activities of daily living or substantial cognitive impairment

Limits eligibility to taxpayers with federal adjusted gross income of $75,000 or less ($125,000 for joint filers) who have not claimed the care recipient as a dependent

Qualified expenses include home modifications (ramps, grab bars), durable medical equipment, incontinence supplies, respite care, adult day care, transportation, and assistive technology

Requires the Executive Office on Aging to verify and certify qualified expenses, with taxpayers filing certification with their tax returns

Appropriates $100,000 for fiscal year 2026-2027 for infrastructure development and implementation, with tax credit applying to taxable years beginning after December 31, 2026