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MO HB1139

Bill

Official Source

Status

Introduced

3/9/2015

Primary Sponsor

Caleb Rowden

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Creates new section 143.845 in Missouri tax code allowing taxpayers to deduct amounts paid under Section 5000A of the Internal Revenue Code from their Missouri adjusted gross income

  • Section 5000A refers to the Affordable Care Act's individual mandate penalty (shared responsibility payment) for not maintaining minimum essential health coverage

  • Deduction applies to the tax year in which the federal penalty payment is made

  • Adds this deduction to existing deductions already available under Chapter 143 of Missouri Revised Statutes

Legislative Description

Creates an income tax deduction for certain penalties assessed under the Affordable Care Act and paid on a federal return

Last Action

Referred: Ways and Means(H)

3/12/2015

Committee Referrals

Ways And Means3/12/2015

Full Bill Text

No bill text available