What's happening
This bill creates a tax credit for New York residents covering up to 50% of veterinary service costs for companion animals, with a maximum credit of $2,000 per year, effective 2025 to 2031.
Why it matters
May make pet healthcare more affordable and accessible. , potentially reducing the number of untreated illnesses among companion animals and easing financial burdens on pet owners.
Could encourage responsible pet ownership. by making routine checkups, vaccinations, and microchipping less costly, which may lead to better animal welfare and fewer stray or abandoned pets.
Excludes services reimbursed by others (like pet insurance). , ensuring the credit only applies to out-of-pocket expenses and avoids double-dipping, which could shape how pet owners and insurers structure coverage.
Allows unused credits to be carried forward. , meaning households facing especially high veterinary costs in one year can still benefit from the tax relief in future years, smoothing out financial unpredictability.
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Who cares
Companion animal owners
Individual taxpayers could claim a credit for 50% of qualifying veterinary costs, up to $2,000, and carry unused credit forward to later tax years.
New York licensed veterinarians
Their receipts would be required to claim the credit for services including checkups, vaccinations, microchipping and medical treatment.
Pet owners with reimbursed veterinary bills
Costs paid or reimbursed by another party would not qualify for the credit.
New York State Department of Taxation and Finance
The bill would add a personal income tax credit for tax years beginning on or after January 1, 2025, with the provisions expiring January 1, 2031.
Headline styles
Pet Vet Care Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Veterinary Tax Credit for Pet Care
In Senate Committee · Budget And Revenue · Sponsor James Tedisco
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
631
2025-2026 Regular Sessions
IN ASSEMBLY (Prefiled)
January 8, 2025
Introduced by M. of A. ROSENTHAL -- 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 Assembly, do enact as follows:
Section 1. Section 606 of the tax law is amended by adding a new subsection (bbb) to read as follows:
(bbb) Credit for veterinary services. (1) General. An individual taxpayer shall be allowed a credit for taxable years beginning on or after January first, two thousand twenty-five against the tax imposed by this article for the cost of veterinary services performed on companion animals as defined in subdivision five of section three hundred fifty of the agriculture and markets law during the taxable year. The amount of the credit shall be for fifty percent of the actual cost of such veterinary services, but shall not exceed a maximum credit of two thousand dollars.
(2) Definition. The term "cost of veterinary services" shall mean costs paid to a licensed veterinarian for medical services including, but not limited to, checkups, vaccinations, subcutaneous insertions of a microchip intended to be used to identify an animal, and the diagnosing, treating, operating, or prescribing for any animal disease, pain, injury, deformity or dental or physical condition. Provided, however, any amounts which have been paid for or reimbursed by another party shall be excluded from the definition of "cost of veterinary services".
(3) Eligibility. Such taxpayer shall provide an actual receipt or copy thereof from any licensed veterinarian of this state showing the actual cost of such veterinary service.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02408-01-5
(4) 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 twenty-five, in which the veterinary service is rendered.
(5) Carryovers. If the amount of credit allowable under this subsection shall exceed the taxpayer's tax for such year, the excess may be carried over to the following year or years and may be deducted from the taxpayer's tax for such year or years.
§ 2. This act shall take effect immediately, and shall apply to taxable years beginning on or after January 1, 2025; provided, however, this act shall expire and be deemed repealed January 1, 2031.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.