SB 462 Creates an income tax deduction for certain penalties assessed under the Affordable Care Act and paid on a federal return
Sponsor: Schaefer
LR Number: 1986S.02I Fiscal Notes
Committee: Ways and Means
Last Action: 4/16/2015 - Voted Do Pass S Ways and Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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Current Bill Summary

SB 462 - Under the federal Patient Protection and Affordable Care Act, individual taxpayers may be assessed a tax penalty for failure to maintain health insurance coverage. This act creates a Missouri income tax deduction for any such payments made on federal income taxes.

This act is identical to HB 1139 (2015).