IL HB2974

Creates a nonrefundable income tax credit for family caregivers equal to 100% of eligible expenditures, capped at $1,500 per eligible family member per taxable year, effective for tax years beginning January 1, 2020.

Defines eligible expenditures as costs for home modifications, equipment purchases or leases, and support services including home care aides, respite care, adult day health, transportation, legal and financial services, and assistive technology.

Limits eligibility to unpaid caregivers who are Illinois residents with adjusted gross income under $75,000 (individuals) or $150,000 (married filing jointly) and who provide care to family members age 18+ requiring assistance with activities of daily living.

Allows caregivers to claim credit for only one eligible family member per tax year; if multiple caregivers claim for the same family member, credits are allocated proportionally to stay within the $1,500 total limit.

Excludes general household maintenance expenses such as painting, plumbing, electrical repairs, and exterior maintenance from eligible expenditures.