S T A T E   O F   N E W   Y O R K
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                                    639
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by  M.  of  A.  L. ROSENTHAL,  COLTON, CRESPO, M. G. MILLER,
   JEAN-PIERRE, BLAKE -- 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 ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
 subsection (jjj) to read as follows:
   (JJJ)  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 NINENTEEN 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.
                                                            LBD04688-01-9

 A. 639                              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 NINETEEN, 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, 2019; provided, however, this
 act shall expire and be deemed repealed January 1, 2025.