New Jersey A4995 provides a gross income tax credit for certain household pet expenses.

New Jersey A4995 provides a gross income tax credit for certain household pet expenses. A taxpayer can claim a credit for qualified everyday pet expenses, up to $300 per year, and for qualified veterinary expenses, up to $600 per year. The total credit allowed per taxpayer per year cannot exceed $900. To claim the credit, the taxpayer must submit documentation of pet ownership and receipts for expenses. The credit applies to taxable years beginning on or after January 1 of the year following the bill's enactment.

New Jersey A4995 provides a gross income tax credit for certain household pet expenses.

New Jersey A4995 provides a gross income tax credit for certain household pet expenses. A taxpayer can claim a credit for qualified everyday pet expenses, up to $300 per year, and for qualified veterinary expenses, up to $600 per year. The total credit allowed per taxpayer per year cannot exceed $900. To claim the credit, the taxpayer must submit documentation of pet ownership and receipts for expenses. The credit applies to taxable years beginning on or after January 1 of the year following the bill's enactment.