Bill > A00387

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 is equal to 50% of the actual cost of veterinary services, including checkups, vaccinations, and treatments for companion animals. To be eligible, taxpayers must provide receipts from a licensed New York veterinarian. The credit can be carried over to the following year if it exceeds the taxpayer's tax liability for the year. The bill takes effect immediately and applies to taxable years starting on or after January 1, 2023, but it is set to expire and be repealed on January 1, 2029.