Summary of the Introduced Bill

HB 72 -- Pharmaceutical Tax Credit

Sponsor:  Scheve

This bill expands the individual income tax credit for
pharmaceutical costs from a maximum of $200 per year to $500 per
year and requires the taxpayer to provide proof of
pharmaceutical expenditures.  Under current law, the taxpayer is
not required to submit records of pharmaceutical purchases.


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Last Updated September 13, 2001 at 2:00 pm