AN ACT RELATING TO HUMAN SERVICES -- THE RHODE ISLAND FAMILY CAREGIVER TAX CREDIT ACT

HB 5233, "The Rhode Island Family Caregiver Tax Credit Act," creates a state income tax credit for eligible family caregivers. The bill allows a credit of 50% of qualifying expenses, up to a maximum of $1,000, incurred for the care and support of an eligible family member. To qualify, caregivers must meet specific income thresholds and care for a family member who is elderly or disabled, resides with them, and requires assistance with daily activities. Eligible expenses include home modifications, medical equipment, and hired care services, aiming to help offset the financial burden of caregiving. This credit would apply to taxable years beginning after December 31, 2025.