Current through Register Vol. 49, No. 9, September, 2024
Rule 1.26-51-503 - Tax Credit - Mentally Retarded ChildA taxpayer who is maintaining, supporting and caring for a mentally retarded child shall be entitled to a $500.00 credit per tax year for the child. If the taxpayer is caring for more than one mentally retarded child, the taxpayer shall be entitled to one $500.00 credit per child.
REQUIREMENTS
The following criteria must be satisfied in order to properly claim the exemption:
1. A physician (medical doctor) must certify in writing that the child is mentally retarded. Such certification shall be valid for state income tax purposes for five (5) years.2. The individual must meet the eligibility requirements for admission to a Human Development Center, (ACA 20-48-404 ) which are:a The taxpayer has resided in the state of Arkansas for at least three (3) years prior to the claim for credit;b The child is so mentally deficient that he is incapable of managing himself or his affairs, and his welfare requires the special care, training, and education provided at a center; andc The child's physician has used standard tests and examinations in determining that the child is mentally deficient and in need of the special training provided at a Human Development Center.3. The mentally retarded child must be: a. The taxpayer's biological child; orb. The taxpayer's adopted child; orc. Clearly related by blood to the taxpayer.4. The taxpayer must be caring for the mentally retarded child in the taxpayer's home.