New York A05340 creates a tax credit for certain household pet expenses, including medical and veterinary costs and everyday expenses, for up to two.

New York A05340 amends the tax law to create a tax credit for certain household pet expenses. This credit applies to medical and veterinary expenses, as well as everyday expenses for up to two household pets. The credit is limited to $150 for everyday expenses and $300 for medical or veterinary expenses per pet per year, with a maximum total credit of $900 per year. The definition of "household pet" excludes animals used for research, breeding for profit, or police work. The credit is available for taxable years beginning after the bill's effective date.

New York A05340 creates a tax credit for certain household pet expenses, including medical and veterinary costs and everyday expenses, for up to two.

New York A05340 amends the tax law to create a tax credit for certain household pet expenses. This credit applies to medical and veterinary expenses, as well as everyday expenses for up to two household pets. The credit is limited to $150 for everyday expenses and $300 for medical or veterinary expenses per pet per year, with a maximum total credit of $900 per year. The definition of "household pet" excludes animals used for research, breeding for profit, or police work. The credit is available for taxable years beginning after the bill's effective date.