S.615

New Jersey S615 allows a tax deduction for up to $2,500 of nonreimbursed veterinarian expenses for pet care.

New Jersey S615 provides a gross income tax deduction for veterinarian expenses. Specifically, the bill allows a taxpayer to deduct up to $2,500 in nonreimbursed veterinarian expenses incurred by the taxpayer for the examination and care of their pet during the taxable year. The deduction applies to any domesticated animal owned by and normally maintained in or near the household of the taxpayer. The bill defines "veterinarian" as a licensed practitioner in New Jersey. This act takes effect immediately upon enactment.