NY A00742

Allows individual taxpayers a tax credit for adopting up to three household pets per taxable year from qualifying pounds, shelters, SPCAs, humane societies, or rescue associations.

Credit amount equals the actual adoption cost but shall not exceed $100 per pet, with a maximum of $300 per taxable year (three pets at $100 each).

Defines "household pet" as any dog, cat, or other domesticated animal kept primarily for companionship in or near the owner's household, provided keeping the animal does not violate federal, state, or local law.

Credit applies to taxable years beginning on or after January 1, 2011, for pet adoptions occurring in those years.

Act takes effect immediately upon enactment.