MO HB2213

Allows individual taxpayers to subtract one-third of business income from their Missouri adjusted gross income for tax years beginning January 1, 2014, to encourage employers to provide health insurance coverage.

Applies only to "qualified companies" that have average payroll exceeding 150 percent of the county average wage, employ at least two persons, and provide health insurance to employees.

Defines a "full-time employee" as one scheduled to work at least 35 hours per week for whom the employer offers health insurance and pays at least 50 percent of premiums.

Allows shareholders of S-corporations, partners in partnerships, and members of limited liability companies to claim the deduction apportioned according to their ownership share on the last day of the tax period.

Excludes compensation income as defined elsewhere in Missouri tax code from the definition of "business income" eligible for the deduction.