AN ACT ESTABLISHING A CAREGIVER TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

SB 321 establishes a $500 tax credit against Connecticut's personal income tax for caregivers who pay for the care of a senior family member. To qualify, a taxpayer must care for a relative aged 50+ with Social Security disability benefits or aged 60+, and have a federal adjusted gross income under $200,000 (single) or $400,000 (married filing jointly). The credit directly affects low-to-moderate-income caregivers who cover out-of-pocket care expenses. It reduces eligible taxpayers' state income tax liability by up to $500 annually. The bill does not alter existing federal tax rules or create new eligibility categories beyond the specified income and care criteria.