TO CREATE THE CARING FOR CAREGIVERS ACT; AND TO PROVIDE AN INCOME TAX CREDIT FOR EXPENSES INCURRED IN CARING FOR CERTAIN FAMILY MEMBERS.

HB 1076, titled the "Caring for Caregivers Act," sought to establish an income tax credit for family caregivers in Arkansas. This bill would have allowed eligible individuals to claim a tax credit equal to 50% of certain expenses incurred while caring for a qualifying family member. To be eligible, the caregiver's adjusted gross income would need to be less than $50,000, and the family member would need to be at least 62 years old and require assistance with daily living activities. The credit was capped at $2,000, or $3,000 if the family member was a veteran or had dementia, with a total annual statewide limit of $1.5 million.