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DIGEST OF INTRODUCED BILL
Tax credit for family caregivers. Provides that if a taxpayer has income of less than $50,000, the taxpayer is eligible for an income tax credit for expenses incurred in providing care to an elderly family member who: (1) has the same principal place of abode as the taxpayer; (2) has income of less than $30,000; and (3) is not receiving long term care services under certain programs. Specifies that the amount of the credit is equal to 50% of the expenses incurred by the taxpayer in providing care to such eligible family members during the taxable year. Provides that the maximum credit amount is $500. Specifies that a taxpayer is not entitled to a refund, carryback, or carryforward of any credit.