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Bill

SB 104

Income Tax - Credit for Individuals Residing With and Caring for Elderly Parents

2025 Regular Session Introduced by William Folden

Maryland would offer state income tax credits to residents caring for elderly parents in their homes, aiming to financially support family-based eldercare arrangements.

Hearing 1/15 at 10:30 a.m.
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WeVote Research Nonpartisan
Bill Summary · SB 104

Legislative bill overview

SB 104 would establish a state income tax credit for Maryland residents who live with and provide care for elderly parents. The credit would reduce the state income tax liability of qualifying individuals who meet specified residency and caregiving requirements. This represents a new tax benefit designed to financially support family-based eldercare arrangements.

Why is this important

With Maryland's aging population and rising costs of institutional care, this policy could incentivize and support family caregiving, potentially reducing demand on public long-term care resources. However, the actual fiscal impact and reach depend entirely on the credit's size, eligibility thresholds, and income phase-out limits—details not yet available from this early bill stage.

Potential points of contention

  • Cost to state revenue: The credit's expense is unknown without seeing the dollar amount and eligibility parameters; it could range from minimal to significant depending on design
  • Equity concerns: Questions about whether the credit favors higher-income households (who can afford to have a family member not work) versus lower-income families already managing multigenerational households
  • Definition and verification: Determining what constitutes adequate "care provision" and how the state verifies caregiving duties without creating administrative burden or fraud risk
  • Alternative policy approaches: Debate over whether tax credits are the most effective tool versus direct subsidies for elder care, paid family leave, or caregiver support services

Compiled from official sources — confirm details with the bill’s official record.

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