SB 0600 Revises the current prescription drug tax credit for the elderly
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:
Effective Date:August 28, 2001
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Current Bill Summary

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.