Establishes a caregiver tax credit for certain costs associated with caregiving

HB 2948 creates a Missouri state tax credit for caregivers of eligible family members. It allows Missouri residents who provide ongoing care to a qualifying recipient (a person aged 60+ or under 60 with a disability requiring daily assistance) to claim a credit of up to $1,500 annually, based on documented caregiving costs like adult day care, in-home services, transportation, or medical supplies. Caregivers must provide proof of residency, care provision, and dependency status (or alternative documentation), but medical records are not required. The credit, effective for tax years beginning January 1, 2027, is refundable and cannot be carried forward or transferred.