An act relating to a tax credit for home modifications for safety and livability

This bill creates a Vermont personal income tax credit for homeowners who make safety and accessibility modifications to their primary residence (homestead). It covers qualified expenses like ramps, stair lifts, widened doorways, bathroom renovations, and other safety-focused home improvements, up to a lifetime maximum of $15,000. Unreimbursed costs for these modifications can reduce income tax liability, with unused credit amounts carried forward for up to three years. The credit applies to taxable years beginning January 1, 2025, and is designed to help residents safely age in place.