Legislation - SB0104

Title: Income Tax - Credit for Individuals Residing With and Caring for Elderly Parents
Sponsored by: Senator Folden
Status: In the Senate - Hearing 1/15 at 10:30 a.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit of $3,000 against the State income tax for an individual who resides with and provides care for a certain elderly parent during the taxable year under certain circumstances; making the credit refundable; and applying the Act to all taxable years beginning after December 31, 2024.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 10/31/2024 Legislative Date 10/31/2024 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Individuals Residing With and Caring for Elderly Parents Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action Hearing 1/15 at 10:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/31/2024	10/31/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Individuals Residing With and Caring for Elderly Parents
Senate	1/08/2025	1/08/2025	Hearing 1/15 at 10:30 a.m.

File Code

Subjects

Statutes