The proposed bill, General Assembly Proposed Bill No. 75, aims to establish a caregiver tax credit against the personal income tax. This credit would amount to five hundred dollars for taxpayers who incur expenses for the care and support of a family member who is either fifty years of age or older and receives Social Security disability benefits, or sixty years of age or older. Additionally, eligibility for this tax credit is limited to individuals with a federal adjusted gross income of two hundred thousand dollars or less for single filers, and four hundred thousand dollars or less for married couples filing jointly.

The bill seeks to amend chapter 229 of the general statutes to incorporate this new caregiver tax credit, thereby providing financial relief to those who support elderly family members. The introduction of this credit reflects a recognition of the financial burdens faced by caregivers and aims to incentivize and support their essential role in family care.