Budget Amendment ID: FY2017-S4-50

OTH 50

Income Tax Credit for Families Caring for Elderly Relatives and Victims of Alzheimers

Mr. O'Connor, Ms. L'Italien, Messrs. Timilty, Tarr, Fattman and Ross moved that the proposed new text be amended by inserting, after section __, the following new section:-

SECTION 1.  Section 6 of chapter 62 of the General Laws, as appearing in the 2008 Official Edition, 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.