HB3656 Summary

• Amends the Illinois Income Tax Act to create a tax deduction for veterinary clinics operating in the state.

• Allows clinics to deduct an amount equal to the value of free spaying or neutering services provided to not-for-profit animal rescue or shelter services during the taxable year.

• Limits the deduction to a maximum of $2,500 per taxpayer in any single taxable year.

• Defines the value of spaying or neutering services as equal to the clinic's normal charges for those services.

• Applies to taxable years ending on or after December 31, 2015, and takes effect immediately upon enactment.