Bill > S01734

This bill establishes a tax credit for the cost of veterinary services up to $2,000 per year. The credit is available to individual taxpayers and covers 50% of the actual cost of veterinary services, including checkups, vaccinations, and the diagnosis and treatment of animal diseases, pains, injuries, or conditions. The credit can be claimed for the taxable year in which the veterinary service was rendered, and any excess credit can be carried over to the following year(s). The bill will take effect immediately and apply to taxable years starting on or after January 1, 2021, but it will expire and be repealed on January 1, 2027.