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SB 324 Connecticut Senate · 2025 Regular Session

AN ACT ESTABLISHING A REFUNDABLE VETERANS' CAREGIVER TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

This Vermont bill creates a refundable tax credit for caregivers of veterans with total service-connected disabilities. To qualify, the veteran must receive disability payments, live with the caregiver for at least six months in Vermont, and the caregiver must earn under $200,000 (single) or $400,000 (married). The credit equals the veteran’s disability payments or $675 annually, whichever is lower. Unlike typical credits, this can generate a cash refund even if the caregiver owes no income tax.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit providing direct financial relief to caregivers (under $200k/$400k income), aligning with tax relief for middle-income groups and funding essential veteran support through state tax system.90% confidence ✓ VeteransSupports VeteransCreates refundable tax credit for caregivers of disabled veterans, directly expanding financial support through state tax system95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Jan 9, 2025
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1
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Committee
1
Jan 9, 2025
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
upper
0 primary · 0 co-sponsors

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