Bill > H3014

This bill establishes a new tax credit for individuals who adopt cats or dogs in Massachusetts. Specifically, the bill amends Chapter 62 of the Massachusetts General Laws by adding a provision that allows taxpayers to claim a tax credit of $300 for adopting a cat and $500 for adopting a dog in the same taxable year as the adoption. A tax credit is a direct reduction in the amount of taxes owed, which means that if a taxpayer adopts a dog in a given tax year, they could reduce their state tax liability by $500. This legislation aims to incentivize pet adoption and potentially help reduce the number of animals in shelters by making adoption more financially attractive to Massachusetts residents. The tax credit would apply to both cats and dogs adopted during the specific tax year, providing a financial benefit to individuals who choose to bring a new pet into their home through adoption.

Budget and Finance

https://malegislature.gov/Bills/194/H3014