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

SB 2246 establishes a Rhode Island tax credit to help unpaid family caregivers offset out-of-pocket costs for caring for eligible relatives. It provides a 50% credit (up to $1,000 annually) for qualifying expenses like home modifications, medical equipment, hired aides, respite care, or adult day care, directly benefiting caregivers with household incomes under $50,000 ($100,000 for couples). To qualify, the caregiver must provide unpaid support for a relative aged 65+ or with Social Security Disability, who needs assistance with at least two daily living tasks (e.g., bathing, feeding) and resides with them in Rhode Island for six+ months. The credit applies to taxable years starting after December 31, 2026, and excludes costs covered by insurance or general home maintenance.