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Committee advances bill preserving caregiver tax credit and supports family caregivers
Summary
House Bill 4118, presented as a fiscally responsible measure to sustain caregiver supports, retains a nonrefundable tax credit capped at $1.5 million and keeps safeguards from prior legislation; committee passed the PCS as the working draft and approved the bill 5-0.
Representative West introduced House Bill 4118 and asked that the committee adopt the printed committee substitute (PCS) as a working draft; members did so without objection.
Representative Buss explained the bill as a fiscally responsible investment that "helps keep Oklahomans at home while avoiding far more costly long term care." He said the bill maintains safeguards from the state’s caring for caregiver act, creates no fiscal impact, and preserves a nonrefundable tax credit "which is capped at $1,500,000." The committee voted 5-0 to advance the bill.
Buss thanked the members after the vote; committee discussion did not include extended debate or technical amendments during the session.
