Bill > AB691

This bill introduces a new tax credit for California taxpayers who adopt and provide medical care for pets from qualified animal rescue organizations. For taxable years between January 1, 2025, and January 1, 2030, taxpayers can claim up to $250 for qualified pet adoption costs and up to $500 for qualified pet medical expenses. A "qualified pet" is defined as a dog, cat, or companion animal adopted from a nonprofit rescue organization that is not used for business or income purposes. The bill limits taxpayers to claiming the adoption credit only once in their lifetime and the medical expense credit for only one pet, with cumulative medical expense credits not exceeding $500. To claim the credit, taxpayers must provide documentation such as adoption receipts, veterinary invoices, and a declaration that they have not previously claimed the credit. The Franchise Tax Board is required to report annually on the number of taxpayers using the credit and its total dollar value. The bill's purpose is to encourage pet adoptions from rescue organizations, and the tax credit will automatically expire on December 1, 2030. Additionally, the bill specifies that no reimbursement is required for any local government costs associated with implementing this new tax credit.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB691