An Act providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease

An Act providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.
• 3018) of Bruce J.
• Ayers relative to providing an income tax credit for families caring for relatives at home who are elderly or totally disabled with Alzheimer’s disease.
• Revenue.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 3018) of Bruce J. Ayers relative to providing an income tax credit for families caring for relatives at home who are elderly or totally disabled with Alzheimer’s disease. Revenue.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

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Bill H.3018

Section 6 of chapter 62 of the General Laws is hereby amended by inserting after paragraph (a) the following new paragraph:—

(b) A credit of $600 shall be allowed against the taxes due if the taxpayer has provided more than one-half of the support for an elderly relative who has attained the age of 70 before the taxable year, or for a totally disabled relative with Alzheimer’s Disease, provided that the relative resided with the taxpayer for more than 6 months of the taxable year and provided further that the adjusted gross income of the relative does not exceed $20,000 in the case of a single return and $35,000 in the case of a joint return. If the credit provided in this section reduces the tax to zero, the taxpayer shall be entitled to a refund equal to the amount by which the amount of the credit exceeded the amount of tax due.

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