Bill > A08730

This bill establishes a tax credit for New York individual taxpayers who adopt pets from qualifying animal shelters. The credit is up to $125 per pet or the actual cost of the adoption, whichever is less, and applies to the taxable year in which the pet is adopted. The bill defines a "pet" as a dog, cat, or other domesticated animal kept for companionship, and a "qualifying animal shelter" as any pound, shelter, or animal protective association that operates physical facilities and offers pets for adoption. To qualify for the credit, the taxpayer must provide proof of animal ownership in the form of an adoption agreement from a qualifying shelter.