The proposed bill introduces the Caregiver Tax Credit Act, which aims to provide financial relief to family caregivers in West Virginia. It establishes a new article in the state code that defines key terms such as "activities of daily living," "eligible expenditure," "eligible family member," and "family caregiver." The bill outlines the criteria for eligible expenditures, which include necessary improvements to a caregiver's home or vehicle, the purchase of medical equipment, and other related expenses incurred while providing care. It specifies that these expenditures must be directly related to assisting the caregiver and excludes general household maintenance costs.

Beginning January 1, 2027, the bill allows family caregivers to claim a nonrefundable tax credit of 50% of eligible expenditures, with a maximum credit limit of $2,000. The West Virginia Department of Revenue is tasked with creating the necessary rules for the implementation and administration of this tax credit. The bill is designed to support family members who provide care to eligible individuals, thereby recognizing the important role of caregivers in the community.

Statutes affected:
Introduced Version: 11-29-1, 11-29-2, 11-29-3, 11-29-4