| SB 0600 | Revises the current prescription drug tax credit for the elderly |
| Sponsor: | Singleton | |||
| LR Number: | 2143S.02I | Fiscal Note: | 2143-02 | |
| Committee: | Public Health and Welfare | |||
| Last Action: | 03/28/01 - Hearing Conducted S Public Health & Welfare Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2001 | |||
SB 600 - This act revises the current prescription drug tax
credit offered by the Department of Revenue. Section 135.095,
RSMo, currently offers a prescription drug tax credit of $200 to
individuals sixty-five and older who have an adjusted gross
income of $15,000 or less and do not receive Medicare or Medicaid
reimbursement. This act requires the Department to develop a
standardized form for claiming the credit. It also provides that
if the Department fails to enforce the above qualifications, then
the Department will not receive appropriations for the management
and administration of the tax credit.
ERIN MOTLEY