MS HB1607

Authorizes an income tax credit for Mississippi residents who provide care to eligible relatives (spouse, parent, stepparent, grandparent, in-law, aunt, uncle, niece, nephew, or dependent) age 18 or older requiring assistance with activities of daily living.

Eligible caregiver must have federal adjusted gross income below $55,000 (individual return) or $110,000 (joint return) and must incur uncompensated care-related expenses.

Credit equals 50% of eligible expenses, with maximum annual credit of $500 per taxpayer ($250 if filing separately), capped at total tax liability.

Eligible expenses include home modifications for mobility and safety, assistive equipment, home care aides, respite care, adult day care, transportation, legal services, and assistive technology, but exclude general household maintenance.

Aggregate statewide tax credits limited to $500,000 annually; provision sunsets December 31, 2022; department must submit annual effectiveness reports beginning February 1, 2021.