New York A 5340: Enacts the New York State Iran divestment act; repealer

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A05340 Summary:

BILL NOA05340A

&nbsp

SAME ASSAME AS S09808-A

&nbsp

SPONSORRaga

&nbsp

COSPNSRSeawright

&nbsp

MLTSPNSR

&nbsp

Amd §606, Tax L

&nbsp

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

Go to top A05340 Actions:

BILL NOA05340A

&nbsp

02/13/2025referred to ways and means

01/07/2026referred to ways and means

04/16/2026amend and recommit to ways and means

04/16/2026print number 5340a

Go to topA05340 Committee&nbspVotes:

Go to topA05340 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA05340 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5340--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 13, 2025
 ___________

 Introduced by M. of A. RAGA, SEAWRIGHT -- read once and referred to the
 Committee on Ways and Means -- recommitted to the Committee on Ways
 and Means in accordance with Assembly Rule 3, sec. 2 -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 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:

 1 Section 1. Section 606 of the tax law is amended by adding a new
 2 subsection (uuu) to read as follows:
 3 (uuu) Credit for certain household pet expenses. (1) General. An indi-
 4 vidual taxpayer shall be allowed a credit for taxable years beginning on
 5 or after the first of January next succeeding the date this subsection
 6 takes effect against the tax imposed by this article for the cost of
 7 owning household pets. The amount of the credit shall be for the actual
 8 cost of pet ownership for up to two household pets, but shall not exceed
 9 the maximum credit of one hundred fifty dollars for everyday expenses
 10 and three hundred dollars for medical or veterinary expenses per house-
 11 hold pet per taxable year for a maximum total of nine hundred dollars
 12 per taxable year.
 13 (2) Definitions. The terms:
 14 (a) "household pet" shall mean any dog or cat kept for the primary
 15 purpose of companionship that is normally maintained in or near the
 16 household of the owner or person who cares for such domesticated animal,
 17 provided that keeping such animal is not in violation of any applicable
 18 provisions of federal, state or local law. The term "household pet"
 19 shall not mean:
 20 (i) any dog or cat confined to the premises of any public or private
 21 hospital devoted solely to the treatment of sick animals.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04132-03-6

 A. 5340--A 2

 1 (ii) any dog or cat confined for the purposes of research to the prem-
 2 ises of any college or other educational or research institution.
 3 (iii) any dog or cat confined to the premises of any person, firm or
 4 corporation engaged in the business of breeding or raising dogs for
 5 profit and licensed as a class A dealer under the Federal Laboratory
 6 Animal Welfare Act.
 7 (iv) any "police work dog" or "detection dog" as such terms are
 8 defined in section one hundred eight of the agriculture and markets law.
 9 (b) "actual cost of pet ownership" shall mean:
 10 (i) medical and veterinary expenses, which shall include, but not be
 11 limited to, annual exams, medications, emergency care, and tests as
 12 deemed necessary by veterinarians; and
 13 (ii) everyday expenses which shall include, but not be limited to,
 14 food, crate, leashes, litter boxes, litter, harnesses, collars, grooming
 15 supplies, toys, and other items deemed essential for pet care-taking.
 16 (3) Proof of claim. The commissioner may require a qualified taxpayer
 17 to furnish proof of ownership of the household pets and proof of the
 18 actual cost of pet ownership in support of their claim for credit under
 19 this subsection.
 20 (4) When credit allowed. The credit provided for in this subsection
 21 shall be allowed with respect to the taxable year, commencing after
 22 taxable years beginning on or after the first of January next succeeding
 23 the date this subsection takes effect