IN HB1230

Establishes a state tax credit for expenses incurred by taxpayers to make home improvements or purchase/lease equipment necessary to assist elderly lineal ancestors (age 65+) with activities of daily living.

Taxpayer must have federal adjusted gross income less than $40,000 and the eligible family member must have income less than $30,000, share the same principal residence for more than 50% of the year, and not receive specified long-term care services.

Tax credit equals 50% of eligible unreimbursed expenses with a maximum credit of $500 per taxable year, and cannot be refunded, carried back, or carried forward.

Eligible expenses include home accessibility modifications (zero-step entrances, accessible bathrooms, grab bars, ramps) and equipment (wheelchairs, walkers, hospital beds, shower chairs, and similar items).

Only one taxpayer per eligible family member can claim the credit; if multiple taxpayers incur expenses, only the one with the greatest amount may claim it; general household maintenance costs are excluded.