Bill > A00639

This bill establishes a tax credit for the cost of veterinary services up to $2,000 per year for individual taxpayers in New York. The credit covers 50% of the actual cost of veterinary services, including checkups, vaccinations, and other medical services for companion animals. To claim the credit, taxpayers must provide a receipt from a licensed veterinarian in New York. The credit can be carried over to future years if it exceeds the taxpayer's tax liability for the year. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2019, but is set to expire and be repealed on January 1, 2025.