Oklahoma HB4118 amends the family caregiver credit to include mileage, remove age requirement, and set expenditure limits.

Oklahoma HB4118 amends the family caregiver credit to include mileage for driving an eligible family member to medical appointments as an eligible expenditure. It removes the age requirement for eligible family members, allowing any individual needing assistance with daily living activities to qualify. The bill sets a maximum credit of $2,000 unless the eligible family member resides in a residential care home, in which case the credit is $4,000. The total credits authorized cannot exceed $1.5 million annually, with the Oklahoma Tax Commission adjusting credits if necessary.

Oklahoma HB4118 amends the family caregiver credit to include mileage, remove age requirement, and set expenditure limits.

Oklahoma HB4118 amends the family caregiver credit to include mileage for driving an eligible family member to medical appointments as an eligible expenditure. It removes the age requirement for eligible family members, allowing any individual needing assistance with daily living activities to qualify. The bill sets a maximum credit of $2,000 unless the eligible family member resides in a residential care home, in which case the credit is $4,000. The total credits authorized cannot exceed $1.5 million annually, with the Oklahoma Tax Commission adjusting credits if necessary.