The Pet Tree House - Where Pets Are Family Too : Tax Credit for Pet Adoption The Pet Tree House - Where Pets Are Family Too : Tax Credit for Pet Adoption
Showing posts with label Tax Credit for Pet Adoption. Show all posts
Showing posts with label Tax Credit for Pet Adoption. Show all posts

Tuesday, April 14, 2015

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.

Click on links below:

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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