Provides gross income tax credit to qualified caregivers for care and support expenses incurred for qualifying senior parent.

This bill provides New Jersey residents who care for qualifying senior parents with a refundable gross income tax credit of up to $10,000 annually for eligible care expenses. It directly affects caregivers of seniors who meet specific age and relationship criteria (e.g., biological/adoptive parents aged 60+ or 50+ with disability income below a set threshold). The credit covers costs like home health services, medical equipment, and home modifications, but excludes expenses reimbursed by insurance or government programs. Caregivers must submit documentation proving expenses and can claim this credit alongside existing dependent deductions. If the credit exceeds tax liability, the excess is refunded directly to the caregiver.