Bill > S00473

This bill establishes a tax credit for individuals who have their cats or dogs spayed or neutered, designed to encourage pet population control and responsible pet ownership. Specifically, the bill allows taxpayers to claim a credit of 80% of the actual cost of spay or neuter services, with a maximum credit of $200, for services performed during taxable years beginning on or after January 1, 2025. To qualify for the credit, taxpayers must provide an actual receipt or copy from a licensed veterinarian in New York State documenting the cost of the spay or neuter service. The credit can be claimed in the taxable year when the service is performed, and it applies to cats or dogs obtained from any source. This tax incentive aims to support pet sterilization efforts, which can help reduce animal overpopulation, lower shelter costs, and promote animal welfare by encouraging pet owners to have their animals spayed or neutered.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S473