Assembly Bill A5340

2025-2026 Legislative Session

Creates a tax credit for certain animal expenses

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Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A5340 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

2025-A5340 (ACTIVE) - Summary

Creates a tax credit for certain household pet expenses including medical and veterinary expenses and everyday expenses for up to two household pets.

2025-A5340 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5340
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 13, 2025
                                ___________
 
 Introduced  by  M. of A. RAGA -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the tax law, in relation to creating a  tax  credit  for
   certain household pet expenses
 
   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 (qqq) to read as follows:
   (QQQ) CREDIT FOR CERTAIN HOUSEHOLD PET EXPENSES. (1) GENERAL. AN INDI-
 VIDUAL TAXPAYER SHALL BE ALLOWED A CREDIT FOR TAXABLE YEARS BEGINNING ON
 OR  AFTER JANUARY FIRST, TWO THOUSAND TWENTY-SIX AGAINST THE TAX IMPOSED
 BY THIS ARTICLE FOR THE COST OF OWNING HOUSEHOLD PETS. THE AMOUNT OF THE
 CREDIT SHALL BE FOR THE ACTUAL COST OF  PET  OWNERSHIP  FOR  UP  TO  TWO
 HOUSEHOLD  PETS,  BUT SHALL NOT EXCEED THE MAXIMUM CREDIT OF ONE HUNDRED
 FIFTY DOLLARS FOR  EVERYDAY  EXPENSES  AND  THREE  HUNDRED  DOLLARS  FOR
 MEDICAL  OR VETERINARY EXPENSES PER HOUSEHOLD PET PER TAXABLE YEAR FOR A
 MAXIMUM TOTAL OF NINE HUNDRED DOLLARS PER TAXABLE YEAR.
   (2) DEFINITIONS. THE TERMS:
   (A) "HOUSEHOLD PET" SHALL MEAN ANY DOG OR CAT  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. THE TERM "HOUSEHOLD PET"
 SHALL NOT MEAN:
   (I) ANY DOG OR CAT CONFINED TO THE PREMISES OF ANY PUBLIC  OR  PRIVATE
 HOSPITAL DEVOTED SOLELY TO THE TREATMENT OF SICK ANIMALS.
   (II) ANY DOG OR CAT CONFINED FOR THE PURPOSES OF RESEARCH TO THE PREM-
 ISES OF ANY COLLEGE OR OTHER EDUCATIONAL OR RESEARCH INSTITUTION.
   (III)  ANY  DOG OR CAT CONFINED TO THE PREMISES OF ANY PERSON, FIRM OR
 CORPORATION ENGAGED IN THE BUSINESS OF  BREEDING  OR  RAISING  DOGS  FOR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04132-01-5
 A. 5340                             2
              

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