New Jersey S1863 allows a gross income tax deduction for up to $2,500 of nonreimbursed veterinarian expenses for pet care.

New Jersey S1863 provides a gross income tax deduction for veterinarian expenses. Specifically, it allows a taxpayer to deduct up to $2,500 in nonreimbursed expenses for the examination and care of their pet during the taxable year. This deduction applies to pets defined as any domesticated animal owned by and normally maintained in or near the taxpayer's household. The bill defines a veterinarian as a licensed professional in New Jersey.

New Jersey S1863 allows a gross income tax deduction for up to $2,500 of nonreimbursed veterinarian expenses for pet care.

New Jersey S1863 provides a gross income tax deduction for veterinarian expenses. Specifically, it allows a taxpayer to deduct up to $2,500 in nonreimbursed expenses for the examination and care of their pet during the taxable year. This deduction applies to pets defined as any domesticated animal owned by and normally maintained in or near the taxpayer's household. The bill defines a veterinarian as a licensed professional in New Jersey.