This bill establishes a gross income tax credit for qualified caregivers who incur expenses related to the care and support of a qualifying relative or individual with disabilities. Caregivers can claim a credit of up to $2,500 per taxable year for qualified care and support expenses, which must be substantiated with documentation such as receipts, proof of payment, and verification of care hours. The bill allows caregivers to claim this credit in addition to any dependent deductions for the same individual, and it ensures that if the credit reduces the caregiver's tax liability to zero, any remaining credit will be refunded as an overpayment of tax.

The bill defines a "qualified caregiver" as a resident individual providing care to a qualifying relative, who is either 65 years or older or 50 years or older and meets specific income criteria. It also outlines what constitutes "qualified care and support expenses," including costs for home health services, medical equipment, and transportation for medical care, while excluding expenses reimbursed by insurance or government programs. The legislation aims to provide financial relief to caregivers, recognizing their essential role in supporting individuals with disabilities or elderly relatives.