Missouri HB2948 establishes a tax credit for caregivers of eligible care recipients.
Missouri HB2948 establishes a tax credit for eligible caregivers who provide ongoing care to eligible care recipients. To qualify, caregivers must be Missouri residents, provide ongoing care to eligible recipients, and meet certain dependency criteria. The tax credit is refundable and cannot be carried forward or transferred. The Department of Revenue will issue rules and regulations for the program, including verification of eligibility and fraud prevention. The tax credit will sunset six years after its effective date unless reauthorized by the General Assembly.
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- Legal Framework
- Critical Issues
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