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HB 257 (BR 998) - C. Belcher

     AN ACT relating to elder care income tax credits.
     Create a new section of KRS Chapter 141 to define "qualified senior citizen," "eligible taxpayer", "chronically ill individual" and "activities of daily living"; "modified adjusted gross income"; allow a nonrefundable "elder care" income tax credit for persons who care for a qualified senior citizen in their homes or the caregiver's home; provide that the tax credit be based upon a percentage of the caregiver's tax liability and the caregiver's modified adjusted gross income; provide a tax credit schedule; provide that the caregiver include the name and Social Security number of the qualified senior citizen and notarized doctor's statement with the return claiming the credit or other form as required by the Department of Revenue; allow the Department of Revenue to require additional information as needed to establish eligibility; amend KRS 141.0205 to establish the order in which the credit may be taken; provide that the credit be effective for taxable years beginning on or after January 1, 2007.

     Feb 6-introduced in House
     Feb 12-to Appropriations & Revenue (H)

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