The bill H. B. No. 2025-2026 seeks to amend sections 5747.08 and 5747.98 of the Revised Code and introduces a new section, 5747.053, to create a nonrefundable income tax credit for family caregiving expenses. This credit is aimed at supporting family caregivers who incur eligible expenses while caring for qualifying family members, defined as individuals aged fifty or older who require assistance with at least two activities of daily living. The bill specifies that family caregivers must meet certain income thresholds and incur a minimum of $1,000 in eligible expenses to qualify for the credit. Caregivers can claim 30% of their eligible expenses, up to a maximum of $2,000 per taxable year, with provisions allowing multiple caregivers for the same family member to claim the credit, provided they do not claim it for the same expenses.

In addition to establishing the new credit, the bill includes an insertion that adds the family caregiver credit to the list of credits under section 5747.98 of the Revised Code. It also outlines a specific order for claiming various tax credits to ensure a uniform procedure for taxpayers. The bill repeals the existing sections 5747.08 and 5747.98, streamlining the tax credit process and updating the legal framework to accommodate the new provisions. These changes will take effect for taxable years ending on or after the effective date of the new section, thereby impacting future tax filings and available credits for Ohio taxpayers.

Statutes affected:
As Introduced: 5747.08, 5747.98