Creates a disabled person retrofit tax credit

2025 Regular Session Introduced by Kevin Parker

Creates a state tax credit to cover qualified home accessibility retrofit costs for disabled residents, lowering after-tax expenses and improving safety and mobility at home.

REFERRED TO BUDGET AND REVENUE

S 4026 — Creates a disabled person retrofit tax credit

Bill at a glance

Bill number: S 4026

Title: Creates a disabled person retrofit tax credit

Status: REFERRED TO BUDGET AND REVENUE

Introduced: January 31, 2025

Primary sponsor: Kevin S. Parker

Related bills (prior-session): S 1388, S 1573, S 5058, S 2829, S 4125, S 4663, S 5276

Purpose and intent

The bill aims to incentivize accessibility improvements by creating a tax credit to support retrofits that assist disabled individuals. By reducing the after-tax cost of making homes more accessible, the measure intends to remove barriers and improve safety, mobility, and daily living within the home environment.

Key provisions (high-level)

Establishment of a dedicated tax credit for qualified retrofit expenditures intended to enhance accessibility for a disabled person.

The credit would be applied against state income tax liability (or other applicable tax, depending on the bill’s final design).

Specific parameters such as credit amount, eligible expenses, caps, carryover provisions, and definitions of “disabled person retrofit” are not provided in the information available here.

The bill would require administration and guidance from the appropriate tax or budgeting authority (consistent with other tax credits) and would likely include forms and documentation requirements.

Note: The exact mechanics (credit rate or cap, eligible project categories, eligibility of homeowners vs. renters, primary residence limitations, expiration dates, and any sunset clauses) are not specified in the provided summary. The full text will detail these elements.

Who would be affected

Homeowners and/or renters undertaking accessibility retrofits for a disabled occupant.

Construction, contracting, and home-modification industries, which could experience increased demand for eligible retrofit work.

State tax filers who incur qualifying retrofit expenses and meet any defined criteria.

Procedural and timeline notes

Status indicates the bill has been referred to the Budget and Revenue committee, a standard step in the legislative process after introduction.

The bill was introduced and referred on January 31, 2025; no further actions are listed in the provided material.

As a budget-revenue measure, it will undergo fiscal analysis to determine revenue impact and cost to the state.

Related considerations

The listed prior-session bills (S 1388, S 1573, S 5058, S 2829, S 4125, S 4663, S 5276) suggest ongoing legislative interest in accessibility and retrofit incentives, potentially sharing design elements or addressing similar fiscal impacts.

Next steps for readers

Review the full text of S 4026 to confirm the exact credit amounts, eligible expenditures, recipient eligibility, strict definitions, and any sunset or phase-in provisions.

Monitor committee actions in Budget and Revenue for fiscal analysis and amendments.

Consider how the measure, if enacted, would interact with existing credits or deductions and its potential impact on state revenue and accessibility outcomes.