Bill Text: NY A03264 | 2021-2022 | General Assembly | Introduced

Bill Title: Provides for tax credit for the adoption of pets from an animal shelter up to $125 per pet.

Spectrum: Slight Partisan Bill (Democrat 5-3)

Status: (Introduced) 2021-01-22 - referred to ways and means [A03264 Detail]

Download: New_York-2021-A03264-Introduced.html

                STATE OF NEW YORK


                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 22, 2021

        Introduced  by M. of A. SAYEGH, COLTON, CRUZ, EPSTEIN, BRABENEC, MANKTE-
          LOW -- Multi-Sponsored by -- M. of A. ABBATE, WALCZYK -- 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 adoption of pets

          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 (kkk) to read as follows:
     3    (kkk)  Credit  for  the  adoption  of pets. (1) General. An individual
     4  taxpayer shall be allowed a credit for taxable  years  beginning  on  or
     5  after  January  first, two thousand twenty-three against the tax imposed
     6  by this article for the cost of adopting pets per taxable  year  from  a
     7  qualifying animal shelter. The amount of the credit shall be one hundred
     8  twenty-five  dollars  per  animal  or  the actual cost of such adoption,
     9  whichever is less, per taxable year.
    10    (2) Definitions. For the purposes of this subsection:
    11    (A) The term "pet" shall mean  any  dog,  cat  or  other  domesticated
    12  animal  kept  for  the primary purpose of companionship that is normally
    13  maintained in or near the household of the owner or person who cares for
    14  such domesticated animal, provided that keeping such animal  is  not  in
    15  violation of any applicable provisions of federal, state or local law.
    16    (B)  The  term "qualifying animal shelter" shall mean any pound, shel-
    17  ter, duly incorporated society for the prevention of cruelty to animals,
    18  duly incorporated humane society or duly incorporated animal  protective
    19  association  that  operates  physical  animal  sheltering facilities and
    20  offers pets to the public for adoption by way of an established adoption
    21  program or any municipal pound or shelter harboring animals pursuant  to
    22  subdivision  one  of section one hundred fourteen of the agriculture and
    23  markets law. Such facilities shall not be co-located  on  a  residential
    24  premises.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

        A. 3264                             2

     1    (3)  Eligibility.  To  qualify  for  the  credit  prescribed  in  this
     2  subsection, an individual taxpayer must provide proof of  animal  owner-
     3  ship in the form of an adoption agreement from a qualifying animal shel-
     4  ter as defined in this subsection.
     5    (4)  When  credit  allowed. The credit provided for in this subsection
     6  shall be allowed with respect to  the  taxable  year,  commencing  after
     7  January first, two thousand twenty-three, in which the pet is adopted.
     8    §  2.  This  act  shall take effect immediately and shall apply to pet
     9  adoptions in taxable years beginning on and after the first  of  January
    10  next succeeding the date on which it shall have become a law.