INCOME TAX CREDIT FOR
NURSING HOME CARE, ETC.
House Bill 4862
Sponsor: Rep. Stephen Ehardt
Committee: Tax Policy
Complete to 8-25-03
A SUMMARY OF HOUSE BILL 4862 AS INTRODUCED 6-19-03
The bill would amend the Income Tax Act to establish a nonrefundable income tax credit equal to the costs, up to $500, incurred by a taxpayer for providing nursing home services, adult foster care services, or home health care or assisted living services for a family member for tax years beginning after December 31, 2002.
To be eligible to claim the credit, the taxpayer must provide care for a spouse, child, parent, or grandparent (or child, parent, or grandparent of a spouse, if filing jointly), and the family member who is being cared for must have a household income of 200 percent or less of the federal poverty guidelines, as published by the U.S. Department of Health and Human Services.
MCL 206.269
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.