The bill introduced in the 136th General Assembly amends sections 5747.08 and 5747.98 of the Revised Code and enacts a new section, 5747.053, which establishes a nonrefundable income tax credit for family caregiving expenses. This new section defines important terms such as "activity of daily living," "eligible family member," "family caregiver," and "eligible expenses." The credit allows family caregivers to claim 30% of their eligible expenses incurred while caring for an eligible family member, with a maximum credit of $2,000. The bill also sets criteria for caregivers and eligible family members, including age and income thresholds, and requires documentation from a licensed health care provider.

In addition to introducing the new tax credit, the bill outlines a specific order for claiming various credits to ensure a uniform procedure for taxpayers. It allows multiple caregivers to claim the credit for the same eligible family member, provided they do not claim the same expenses. The bill also repeals the existing sections 5747.08 and 5747.98, streamlining the tax credit process and updating the legal framework. These changes will apply to taxable years ending on or after the effective date of the new section, thereby affecting future tax filings and available credits for Ohio taxpayers.

Statutes affected:
As Introduced: 5747.08, 5747.98