New York S02370 establishes a tax credit for service dog expenses, up to $1,000 annually.

New York S02370 amends the state tax law to allow a credit against income tax for service dog expenses. This credit applies to expenses incurred from January 1, 2025, onward. The credit amount equals the taxpayer's qualified service dog expenditures, which include costs for food, veterinary care, training, boarding, and clothing. The credit cannot exceed $1,000 per taxable year. If the credit exceeds the taxpayer's tax liability for a year, the excess can be carried over to subsequent years, subject to the same $1,000 limit.

New York S02370 establishes a tax credit for service dog expenses, up to $1,000 annually.

New York S02370 amends the state tax law to allow a credit against income tax for service dog expenses. This credit applies to expenses incurred from January 1, 2025, onward. The credit amount equals the taxpayer's qualified service dog expenditures, which include costs for food, veterinary care, training, boarding, and clothing. The credit cannot exceed $1,000 per taxable year. If the credit exceeds the taxpayer's tax liability for a year, the excess can be carried over to subsequent years, subject to the same $1,000 limit.