Provides for tax credit for the adoption of household pets from animal shelters or humane societies.
TITLE OF BILL: An act to amend the tax law, in relation to establishing a tax credit for the adoption of household pets
PURPOSE: To grant an individual taxpayer a credit for fees incurred through the adoption of a household pet from a pound, shelter, duly incorporated society for the prevention of cruelty to animals, humane society, dog or cat or other animal protective or rescue association.
SUMMARY OF PROVISIONS: This bill would establish an individual taxpayer credit of up to one hundred dollars per household pet adopted from a pound, shelter, duly incorporated society for the prevention of cruelty to animals, humane society, dog or cat or other animal protective or rescue association to a maximum of three animals per taxable year. This bill provides a definition for "household pet."
JUSTIFICATION: According to the Human Society, animal shelters care for 6-8 million dogs and cats every year in the United States, of whom approximately 3-4 million are euthanized. According to the ASPCA, fifty percent of dogs in shelters and seventy percent of cats in shelters are killed because they are not adopted. Encouraging prospective pet owners to adopt from a pound, shelter, humane society, society for the prevention of cruelty to animals, or rescue association serves a humane purpose.
Animals in public shelters average a seven day stay during which time the public pays for around the clock care, food, medicine, cleaning and often euthanizing and body disposal expenses. The care, housing, and killing of these animals come at a significant cost to the public. Public policy that effectively encourages animal adoption is beneficial to taxpayers. Further, money that is credited to these taxpayers is likely to be reinvested into the forty billion dollar per year pet industry.
LEGISLATIVE HISTORY: 2011-12: S.1280A - Died in Investigations & Gov't 2010: S.4757/A.992 (Died in Senate Finance/Died in Assembly Ways & Means) 2009: S.4757/A.992 (Died in Senate Gov't Ops/Died in Assembly Ways & Means) 2008: S.6992/A.10027 (Died in Senate Gov't Ops/Died in Assembly Ways & Means)
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: This act shall take effect immediately and shall apply to pet adoptions in taxable years beginning on and after January 1, 2013.
STATE OF NEW YORK ________________________________________________________________________ 896 2013-2014 Regular Sessions IN SENATE (PREFILED) January 9, 2013 ___________Introduced by Sen. PARKER -- 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 adoption of household pets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (vv) to read as follows: (VV) CREDIT FOR THE ADOPTION OF HOUSEHOLD PETS. (1) GENERAL. AN INDI- VIDUAL TAXPAYER SHALL BE ALLOWED A CREDIT FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE COST OF ADOPTING A MAXIMUM OF THREE HOUSEHOLD PETS PER TAXABLE YEAR FROM A QUALIFYING POUND, SHELTER, DULY INCORPORATED SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS, HUMANE SOCIETY, DOG, CAT OR OTHER PROTECTIVE OR RESCUE ASSOCIATION. THE AMOUNT OF THE CREDIT SHALL BE FOR THE ACTUAL COST OF SUCH ADOPTION, BUT SHALL NOT EXCEED THE MAXIMUM CREDIT OF ONE HUNDRED DOLLARS PER HOUSEHOLD PET, FOR A MAXIMUM OF THREE PETS PER TAXABLE YEAR. (2) DEFINITION. THE TERM "HOUSEHOLD PET" SHALL MEAN ANY DOG, CAT OR OTHER DOMESTICATED ANIMAL KEPT FOR THE PRIMARY PURPOSE OF COMPANIONSHIP THAT IS NORMALLY MAINTAINED IN OR NEAR THE HOUSEHOLD OF THE OWNER OR PERSON WHO CARES FOR SUCH DOMESTICATED ANIMAL, PROVIDED THAT KEEPING SUCH ANIMAL IS NOT IN VIOLATION OF ANY APPLICABLE PROVISIONS OF FEDERAL, STATE OR LOCAL LAW. (3) WHEN CREDIT ALLOWED. THE CREDIT PROVIDED FOR IN THIS SUBSECTION SHALL BE ALLOWED WITH RESPECT TO THE TAXABLE YEAR, COMMENCING AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN, IN WHICH THE PET IS ADOPTED. S 2. This act shall take effect immediately and shall apply to pet adoptions in taxable years beginning on and after January 1, 2013.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01879-01-3