NJ A1484

Creates a refundable gross income tax credit equal to 20% of expenses paid to registered health care service firms for in-home companion services, health care services, or personal care services at a taxpayer's residence

Limits eligibility to taxpayers with gross income under $150,000 who are either permanently and totally disabled or age 65 or older

Excludes from the credit calculation any expenses reimbursed or paid by an insurance company

Defines covered services to include non-medical supervision and socialization, health maintenance and restoration services requiring licensure, and personal care assistance with activities of daily living such as bathing, dressing, and grooming

Takes effect immediately and applies to taxable years beginning on or after January 1 following enactment