New York S00832 establishes a tax credit for veterinary services up to $2,000 per year.

New York S00832 amends the tax law to introduce a tax credit for the cost of veterinary services, up to $2,000 per year. The credit applies to medical services for companion animals, including checkups, vaccinations, and treatments. It is equal to 50% of the actual cost of veterinary services, with any excess credit able to be carried over to subsequent years. The credit is available for taxable years beginning on or after January 1, 2025, and the provisions will expire on January 1, 2031.

New York S00832 establishes a tax credit for veterinary services up to $2,000 per year.

New York S00832 amends the tax law to introduce a tax credit for the cost of veterinary services, up to $2,000 per year. The credit applies to medical services for companion animals, including checkups, vaccinations, and treatments. It is equal to 50% of the actual cost of veterinary services, with any excess credit able to be carried over to subsequent years. The credit is available for taxable years beginning on or after January 1, 2025, and the provisions will expire on January 1, 2031.