STATE OF NEW JERSEY
221st LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
Sponsored by:
Senator LATHAM TIVER
District 8 (Atlantic and Burlington)
Co-Sponsored by:
Senators Bramnick, A.M.Bucco and Schepisi
SYNOPSIS
Provides a gross income tax deduction for veterinarian expenses.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act providing a gross income tax deduction for veterinarian expenses, supplementing chapter 3 of Title 54A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. A taxpayer shall be allowed to deduct from gross income up to $2,500 of nonreimbursed veterinarian expenses incurred by the taxpayer for the examination and care of the taxpayer's pet during the taxable year.
b. For purposes of this section:
"Pet" means any domesticated animal owned by and normally maintained in or near the household of the taxpayer.
"Veterinarian" means a veterinarian licensed to practice in the State of New Jersey.
2. This act shall take effect immediately.
STATEMENT
This bill provides a gross income deduction for veterinarian expenses. Specifically, the bill allows a taxpayer to deduct up to $2,500 in nonreimbursed veterinarian expenses incurred by the taxpayer for the examination and care of their pet during the taxable year.