NJ
New Jersey Assembly Bill A3705

New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A3705

Introduced
3/24/22  

Caption

Provides a gross income tax deduction for veterinarian expenses.

Impact

The proposed legislation would significantly alter the landscape for pet owners regarding financial management and tax obligations. By permitting such deductions, the bill seeks not only to ease the financial strain associated with routine and emergency veterinary care but also to promote responsible pet ownership through enhanced care. This change could incentivize more pet owners to seek necessary medical attention for their animals, ultimately benefiting public health and welfare.

Summary

Assembly Bill A3705 introduces a gross income tax deduction specifically aimed at providing financial relief to pet owners in New Jersey. The legislation allows taxpayers to deduct up to $2,500 of non-reimbursed veterinarian expenses incurred for the examination and care of their domesticated pets during the taxable year. This reflects a growing recognition of the emotional and financial burden of pet care, positioning veterinary expenses as a relatable deduction for many households with pets.

Contention

While the bill has received support for its efforts to alleviate costs for pet owners, there are potential points of contention regarding its fiscal implications. Critics might argue that this tax deduction could lead to reduced state revenue, sparking debates about budget allocations and funding for essential services. Furthermore, there remains a discussion about whether all taxpayers should subsidize the veterinary costs of pet owners, a nuance that could influence public opinion and legislative support as the bill progresses.

Companion Bills

NJ S2138

Same As Provides a gross income tax deduction for veterinarian expenses.

Previously Filed As

NJ A283

Provides a gross income tax deduction for veterinarian expenses.

NJ S2138

Provides a gross income tax deduction for veterinarian expenses.

NJ S615

Provides a gross income tax deduction for veterinarian expenses.

NJ A4397

Provides gross income tax deduction for expenses incurred by disabled veterans for service animals.

NJ A5476

Provides $5,000 gross income tax deduction for taxpayers who incur certain commuter expenses.

NJ A3151

Provides gross income tax deduction for certain home elevation expenses.

NJ A2227

Provides gross income tax deduction to eligible educators and paraprofessionals for expense of classroom supplies.

NJ A1666

Provides gross income tax deduction for home office expenses incurred during COVID-19 pandemic.

NJ S3335

Provides gross income tax deduction for expenses incurred by disabled veterans for service animals.

NJ S1838

Provides gross income tax deduction for certain home elevation expenses.

Similar Bills

MI HB4200

Health occupations: veterinarians; veterinarian-client-patient relationship; require. Amends secs. 16287, 18811 & 18814 of 1978 PA 368 (MCL 333.16287 et seq.) & adds sec. 18818.

SC H3223

Telehealth for Veterinary Services

CA SB669

Veterinarians: veterinarian-client-patient relationship.

AZ SB1053

Veterinary medicine; electronic means

MI SB0193

Health occupations: veterinarians; veterinarian-client-patient relationship; require. Amends 1978 PA 368 (MCL 333.1101 - 333.25211) by adding sec. 18818. TIE BAR WITH: SB 0194'25

MI HB4220

Health occupations: veterinarians; veterinarian-client-patient relationship; require. Amends 1978 PA 368 (MCL 333.1101 - 333.25211) by adding sec. 18818. TIE BAR WITH: HB 4221'25

CO HB1048

Providing Veterinary Services Through Telehealth

MI HB4980

Health occupations: veterinarians; veterinarian-client-patient relationship; require. Amends secs. 16287 & 18811 of 1978 PA 368 (MCL 333.16287 & 333.18811) & adds sec. 18818.