Authorizes a tax credit for the adoption of certain animals from an animal shelter.
The bill allows a taxpayer to claim a tax credit for a qualified pet adoption made during the tax year. The credit is equal to the qualified amount, up to $125. A qualified pet adoption is defined as the adoption by a taxpayer of an animal from an animal shelter for the purpose of keeping the animal as a pet. The animal shelter must provide a receipt to the taxpayer, which must be submitted with the tax credit claim. The cumulative amount of tax credits allowed to all taxpayers under this section shall not exceed $500,000 per tax year.
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