A00639 Summary:

SPONSORRosenthal L
COSPNSRColton, Crespo, Miller MG, Jean-Pierre, Blake
Amd §606, Tax L
Establishes a tax credit for the cost of veterinary services up to two thousand dollars per year.
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A00639 Actions:

01/09/2019referred to ways and means
01/08/2020referred to ways and means
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A00639 Committee Votes:

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A00639 Floor Votes:

There are no votes for this bill in this legislative session.
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A00639 Text:

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     January 9, 2019
        Introduced  by  M.  of  A.  L. ROSENTHAL,  COLTON, CRESPO, M. G. MILLER,
          JEAN-PIERRE, BLAKE -- read once and referred to the Committee on  Ways
          and Means
        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.

        A. 639                              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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