Bill Text: NY S01838 | 2019-2020 | General Assembly | Introduced


Bill Title: Establishes a tax credit for the cost of veterinary services up to two thousand dollars per year.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01838 Detail]

Download: New_York-2019-S01838-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          1838
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 16, 2019
                                       ___________
        Introduced  by  Sen. TEDISCO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to establishing  a  tax  credit
          for  the  cost of veterinary services; and providing for the repeal of
          such provisions upon expiration thereof
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  606  of  the  tax law is amended by adding a new
     2  subsection (jjj) to read as follows:
     3    (jjj) Credit for  veterinary  services.  (1)  General.  An  individual
     4  taxpayer  shall  be  allowed  a credit for taxable years beginning on or
     5  after January first, two thousand ninenteen against the tax  imposed  by
     6  this  article for the cost of veterinary services performed on companion
     7  animals as defined in subdivision five of section three hundred fifty of
     8  the agriculture and markets law during the taxable year. The  amount  of
     9  the credit shall be for fifty percent of the actual cost of such veteri-
    10  nary  services,  but  shall  not exceed a maximum credit of two thousand
    11  dollars.
    12    (2) Definition. The term "cost  of  veterinary  services"  shall  mean
    13  costs  paid  to  a licensed veterinarian for medical services including,
    14  but not limited to, checkups, vaccinations, subcutaneous insertions of a
    15  microchip intended to be used to identify an animal, and the diagnosing,
    16  treating, operating, or prescribing for any animal disease, pain,  inju-
    17  ry,  deformity  or  dental or physical condition. Provided, however, any
    18  amounts which have been paid for or reimbursed by another party shall be
    19  excluded from the definition of "cost of veterinary services".
    20    (3) Eligibility. Such taxpayer shall provide an actual receipt or copy
    21  thereof from any licensed veterinarian of this state showing the  actual
    22  cost of such veterinary service.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04688-01-9

        S. 1838                             2
     1    (4)  When  credit  allowed. The credit provided for in this subsection
     2  shall be allowed with respect to  the  taxable  year,  commencing  after
     3  January first, two thousand nineteen, in which the veterinary service is
     4  rendered.
     5    (5)   Carryovers.  If  the  amount  of  credit  allowable  under  this
     6  subsection shall exceed the taxpayer's tax for such year, the excess may
     7  be carried over to the following year or years and may be deducted  from
     8  the taxpayer's tax for such year or years.
     9    §  2. This act shall take effect immediately, and shall apply to taxa-
    10  ble years beginning on or after January 1, 2019; provided, however, this
    11  act shall expire and be deemed repealed January 1, 2025.
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