Missouri Revised Statutes













Chapter 135

Tax Relief

←135.095

Section 135.096.1

135.100→

August 28, 2015

Long-term care insurance tax deduction, amount.

135.096. 1. In order to promote personal financial responsibility for

long-term health care in this state, for all taxable years beginning after

December 31, 1999, a resident individual may deduct from such individual's

Missouri taxable income an amount equal to fifty percent of all nonreimbursed

amounts paid by such individual for qualified long-term care insurance

premiums to the extent such amounts are not included the individual's

itemized deductions. For all taxable years beginning after December 31,

2006, a resident individual may deduct from each individual's Missouri taxable

income an amount equal to one hundred percent of all nonreimbursed amounts

paid by such individuals for qualified long-term care insurance premiums to

the extent such amounts are not included in the individual's itemized

deductions. A married individual filing a Missouri income tax return

separately from his or her spouse shall be allowed to make a deduction

pursuant to this section in an amount equal to the proportion of such

individual's payment of all qualified long-term care insurance premiums.

The director of the department of revenue shall place a line on all Missouri

individual income tax returns for the deduction created by this section.



2. For purposes of this section, "qualified long-term care insurance"

means any policy which meets or exceeds the provisions of sections 376.1100

to 376.1118 and the rules and regulations promulgated pursuant to such

sections for long-term care insurance.



3. Notwithstanding any other provision of law to the contrary, two or

more insurers issuing a qualified long-term care insurance policy shall not

act in concert with each other and with others with respect to any matters

pertaining to the making of rates or rating systems.



(L. 1999 S.B. 8 & 173 § 8, A.L. 2007 S.B. 577)





2000



2000



135.096. 1. In order to promote personal financial responsibility for

long-term health care in this state, for all taxable years beginning after

December 31, 1999, a resident individual may deduct from such individual's

Missouri taxable income an amount equal to fifty percent of all nonreimbursed

amounts paid by such individual for qualified long-term care insurance

premiums to the extent such amounts are not included the individual's itemized

deductions. A married individual filing a Missouri income tax return

separately from his or her spouse shall be allowed to make a deduction

pursuant to this section in an amount equal to the proportion of such

individual's payment of all qualified long-term care insurance premiums. The

director of the department of revenue shall place a line on all Missouri

individual income tax returns for the deduction created by this section.



2. For purposes of this section, "qualified long-term care insurance"

means any policy which meets or exceeds the provisions of sections 376.1100 to

376.1118, RSMo, and the rules and regulations promulgated pursuant to such

sections for long-term care insurance.



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