VT H0008

Creates a personal income tax credit for home modifications that enhance safety and livability, with a lifetime cap of $15,000 in qualified expenses per individual

Qualified expenses include ramps, stair lifts, chair lifts, platform lifts, elevators, widened doorways and hallways, bathroom renovations, and other accessibility or safety improvements

Only unreimbursed and uncovered expenses for modifications to an individual's homestead are eligible for the credit

Unused credit amounts may be carried forward for up to three taxable years following the year the credit was earned

Takes effect retroactively on January 1, 2025, applying to taxable years beginning on or after that date