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

SB 75 establishes a $500 tax credit against personal income tax for taxpayers who pay for the care of a family member aged 50+ receiving Social Security disability benefits or aged 60+ (with income limits of $200,000 for single filers and $400,000 for married couples filing jointly). The credit directly affects caregivers supporting eligible relatives while meeting federal income thresholds. Key provisions include the fixed credit amount, specific eligibility criteria for the care recipient, and the income limits for qualifying taxpayers. This bill creates a direct tax reduction for qualifying caregivers, with no additional mechanisms or funding details specified.