S T A T E   O F   N E W   Y O R K
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                                   5449
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              March 29, 2017
                                ___________
 
 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:
 
   Section  1.  Section  606  of  the  tax law is amended by adding a new
 subsection (ccc) to read as follows:
   (CCC) 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 SEVENTEEN 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 VETERI-
 NARY  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,  INJU-
 RY,  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.
                                                            LBD10803-01-7
              

 S. 5449                             2
 
   (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 SEVENTEEN, 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 taxa-
 ble years beginning on or after January 1, 2017; provided, however, this
 act shall expire and be deemed repealed January 1, 2023.