HB 495 -- Income Tax:  Out-of-Pocket Medical Expenses

Co-Sponsors:  Levin, Myers, Jetton, Boucher, Secrest

This bill authorizes an individual state income tax deduction
for 100% of the amount paid during the tax year by a taxpayer
for insurance which provides medical or health care coverage and
any out-of-pocket medical costs incurred by a taxpayer to the
extent the premiums or costs are included in their federal
adjusted gross income.

The bill will apply to tax years beginning January 1, 2001.

Missouri House of Representatives
Last Updated September 13, 2001 at 2:02 pm