| SB 0597 | Revises the current prescription drug tax credit for the elderly |
| Sponsor: | Singleton | |||
| LR Number: | 2168S.01I | Fiscal Note: | 2168-01 | |
| Committee: | Public Health and Welfare | |||
| Last Action: | 05/18/01 - 003 S Calendar S Bills for Perfection | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2001 | |||
SB 597 - This act revises the current prescription drug tax credit for the elderly. Section 135.095, RSMo, currently allows a $200 tax credit for prescriptions to any individual age sixty- five or over with an income of $15,000 per year or less who does not receive reimbursement for drugs from Medicaid or Medicare.
New language requires the claiming individual to apply for
his or her own credit. In addition, a provision is added for
each claim to be accompanied by proof of pharmaceutical expenses
as provided by the claimant's pharmacist. The proof must include
the claimant's name, a list of each prescription filled for the
calendar year, and the cost of each prescription less any
insurance reimbursement.
ERIN MOTLEY