NJ bill would give pet owners tax breaks for vet bills, food and supplies
Under the bill, eligible expenses would include pet food, crates, leashes, litter, collars, grooming supplies and toys designed for animal use.
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A proposed New Jersey bill would provide state income tax credits for certain household pet expenses, including veterinary care, food and supplies.
The legislation, introduced May 7 by Assemblyman Alex Sauickie, would allow taxpayers to claim up to $300 annually for qualified everyday pet expenses and up to $600 for veterinary expenses, for a maximum credit of $900 per year.
Under the bill, eligible expenses would include pet food, crates, leashes, litter, collars, grooming supplies and toys designed for animal use. Veterinary expenses would include annual exams, medications, emergency care and diagnostic testing.
The measure defines a household pet as a dog or cat kept primarily for companionship and maintained at or near a taxpayer’s residence. The bill excludes animals used for research, breeding for profit, veterinary confinement or law enforcement purposes.
Taxpayers seeking the credit would be required to provide documentation showing ownership of the pet and receipts for qualifying expenses. The proposal would apply to taxable years beginning on or after Jan. 1 following enactment.
(Photo Credit: AP Photo/Wilfredo Lee, File)
