SB 0597 Revises the current prescription drug tax credit for the elderly
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:
Effective Date:August 28, 2001
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Current Bill Summary

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.