SB 1096: Personal income tax: senior tax credit: dependents: qualifying child.

The bill proposes a new tax credit for senior taxpayers. A qualified taxpayer is defined as someone 65 years or older with no earned income. This tax credit would be $1,500 per dependent for each taxable year from 2026 to 2031. The tax credit is available to taxpayers who are 65 or older and have no earned income. The tax credit is a new tax expenditure that aims to achieve specific goals, but the bill does not specify what those goals are.