143.118. Health care sharing ministry deduction--rulemaking authority. - Missouri Statutes

Health care sharing ministry deduction--rulemaking authority.

143.118. 1. For all taxable years beginning on or after January 1,2007, an individual taxpayer shall be allowed to subtract from thetaxpayer's Missouri adjusted gross income to determine Missouri taxableincome an amount equal to the amount which the taxpayer has paid during thetaxable year as a member of a health care sharing ministry as defined insection 376.1750, RSMo, and shall only be deductible to the extent thatsuch amounts are not deducted on the taxpayer's federal income tax returnfor that taxable year.

2. The director of the department of revenue shall promulgate rulesand regulations to administer the provisions of this section. Any rule orportion of a rule, as that term is defined in section 536.010, RSMo, thatis created under the authority delegated in this section shall becomeeffective only if it complies with and is subject to all of the provisionsof chapter 536, RSMo, and, if applicable, section 536.028, RSMo. Thissection and chapter 536, RSMo, are nonseverable and if any of the powersvested with the general assembly pursuant to chapter 536, RSMo, to review,to delay the effective date, or to disapprove and annul a rule aresubsequently held unconstitutional, then the grant of rulemaking authorityand any rule proposed or adopted after August 28, 2007, shall be invalidand void.

(L. 2007 H.B. 818)