Establishes a tax credit for Massachusetts families caring for elderly relatives or victims of Alzheimer's and Dementia.

The bill introduces a tax credit of $2,500 for Massachusetts taxpayers who provide more than half of the support for an elderly relative aged 70 or older, or for a totally disabled relative with Alzheimer’s Disease or Dementia, and who have resided with the taxpayer for over six months. If the credit reduces the tax to zero, the taxpayer is entitled to a refund for the excess credit amount.

Establishes a tax credit for Massachusetts families caring for elderly relatives or victims of Alzheimer's and Dementia.

The bill introduces a tax credit of $2,500 for Massachusetts taxpayers who provide more than half of the support for an elderly relative aged 70 or older, or for a totally disabled relative with Alzheimer’s Disease or Dementia, and who have resided with the taxpayer for over six months. If the credit reduces the tax to zero, the taxpayer is entitled to a refund for the excess credit amount.