New York S09808 creates a tax credit for certain household pet expenses, including medical and everyday costs for up to two pets.
New York S09808 introduces a tax credit for specific household pet expenses, covering medical and everyday costs for up to two pets. The credit applies to expenses such as annual exams, medications, emergency care, food, grooming supplies, and other essential pet care items. The maximum credit is $150 for everyday expenses and $300 for medical or veterinary expenses per pet, with a total cap of $900 per taxable year. The bill defines "household pet" as any dog or cat kept for companionship, excluding those used for research or breeding.
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