Introduced House Bill (H)

Authored by

DIGEST

Veterinarian tax credit. Provides a tax credit against adjusted gross income tax liability of a veterinary services provider that performs a spay-neuter procedure on a companion animal at no cost to the owner of the companion animal. Defines a "companion animal" as a dog or a cat. Defines "veterinary services provider" as a: (1) veterinarian, if the veterinarian provides veterinary services as a sole proprietor; or (2) professional services corporation or other business entity, if a veterinarian provides veterinary services through the veterinarian's affiliation with the professional services corporation or other business entity. Specifies that the amount of the credit Veterinarian tax credit. Provides a tax credit against adjusted gross income tax liability of a veterinary services provider that performs a spay-neuter procedure on a companion animal at no cost to the owner of the companion animal. Defines a "companion animal" as a dog or a cat. Defines "veterinary services provider" as a: (1) veterinarian, if the veterinarian provides veterinary services as a sole proprietor; or (2) professional services corporation or other business entity, if a veterinarian provides veterinary services through the veterinarian's affiliation with the professional services corporation or other business entity. Specifies that the amount of the credit is the lesser of: (1) an amount equal to the total number of spay-neuter procedures performed by the veterinary services provider at no cost during the taxable year, multiplied by the average cost of a spay-neuter procedure otherwise charged by the veterinary services provider during the taxable year, multiplied by 5%; or (2) $3,700. ... View more