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MS SB2086
Bill
AI Summary
- Authorizes an income tax credit for Mississippi resident taxpayers who provide care to eligible family members (spouses, parents, stepparents, grandparents, in-laws, aunts, uncles, nieces, or nephews) age 18 or older who require assistance with daily living activities
- Eligible expenses include home modifications for safety and mobility, purchase or lease of assistive equipment, home care aides, respite care, adult day care, transportation, legal and financial services, and assistive technology
- Credit equals 50% of eligible expenses with a maximum credit of $1,000 per taxable year; available only to taxpayers with federal adjusted gross income below $75,000 (individual filers) or $150,000 (joint filers)
- Only one taxpayer may claim the credit per eligible care recipient; if multiple qualified taxpayers claim for the same recipient, the credit is divided equally among them
- Excludes general household maintenance expenses such as painting, plumbing, electrical repairs, and exterior maintenance; credit is non-refundable and cannot be carried back or forward
- Effective January 1, 2019
Legislative Description
Income tax; authorize a credit for expenses incurred by a taxpayer for care of certain individuals who are 18 or older.
Last Action
Died In Committee
2/27/2019
Committee Referrals
Finance1/11/2019
Full Bill Text
No bill text available