MS SB2933

Allows eligible caregivers an income tax credit for qualified expenses paid during the taxable year, limited to $12,000 annually.

Defines eligible caregivers as individuals paying for care of a spouse, parent, stepparent, or first-degree relative who is at least 65 years old and certified by a licensed physician as having long-term care needs for at least 180 days.

Defines individuals with long-term care needs as those unable to perform at least two activities of daily living without substantial assistance, or those requiring substantial supervision due to severe cognitive impairment.

Qualifies expenses include human assistance, assistive devices, home modifications, medication management, transportation, incontinence supplies, and lost wages from unpaid caregiving time (with employer verification).

Takes effect January 1, 2017, with taxpayers required to substantiate expenses under Department of Revenue regulations.