Proposed Law Would Give $125 Tax Credit To People Who Adopt Rescue Pets

If you have a pet that you’ve adopted, you know just how wonderful of an experience it was to give your little furbaby a second chance at life. There is nothing sweeter than seeing their faces light up when they realize that they’re leaving the shelter. And it makes you feel good knowing that you helped save a life and make a difference. But how much more of a good feeling would it be knowing that you’re being rewarded for choosing adoption? One state might soon be giving tax credits to those who adopt animals.


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New York Lawmakers Propose Tax Credit to Encourage Pet Adoption

As we enter the height of the tax season, it's natural to think about getting some relief related to the countless dollars we spend each year on our pups. Getting a tax break on pet care has been proposed before, without success, but recently there has been new energy around getting a law passed. This time the relief would be specific to rescue pups. Deductions related to fostering is already allowed, but does not include expenses related to adoption.

Since January, four bills have been drafted in New York State that would offer a tax credit to residents who adopt a pet. City Councilwoman Julissa Ferreras says that the tax credit would encourage more people to adopt, bringing relief to the state's shelters. She estimates that 3 million animals in New York shelters are euthanized each year due to overcrowding.

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S4576-2015, sponsored by Sen. Phil Boyle, R-Nassau County, would offer $100 per dog or cat, with a maximum of 3 adopted pets covered per household

S2894A-2015, sponsored by Sen. Kevin Parker, D-Brooklyn, would offer $100 per dog, cat, or other animal, with a maximum of 3 pets

A5182-2015, sponsored by Assemblymember Alec Brook-Krasny, D-Brooklyn, would offer a single $350 credit for a dog or cat

S3670-2015, sponsored by Sen. Patty Ritchie, R-Heuvelton, would offer $500 per household pet, with a maximum of 3 pets — which means a credit of up to $1,500

If one of these bills is approved and signed by the governor, it would make New York the first state in the nation to offer a tax credit like this. I certainly welcome anything that will get adoption numbers up, but I'm also sensitive to the fact that state budgets are already stretched thin. In 2012, a similar bill was defeated in Pennsylvania by a tiny margin--97-96, so it's clearly a divided issue.

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