KY HB157

Creates a nonrefundable income tax credit for Kentucky residents who provide in-home care to eligible family members age 62 or older who need assistance with at least two activities of daily living, effective for tax years 2027 through 2030

Credit equals 50% of unreimbursed caregiving expenses, capped at $3,000 if the care recipient is a veteran or has dementia, or $2,000 for all other eligible family members

Eligible expenses include hiring home care aides, respite care, adult day care, personal care attendants, health care equipment, home modifications, technology, and medical equipment leases

Caregivers with modified gross income exceeding $100,000 are ineligible; total credits statewide are capped at $1,500,000 per year with pro rata allocation if demand exceeds the cap

Requires annual reporting to the Legislative Research Commission including credit amounts claimed by county, income ranges of claimants, and cumulative totals