The proposed bill amends the Tax Reform Code of 1971 to establish a new Shelter Animal Adoption Tax Credit Program aimed at encouraging the adoption of shelter animals. Under the new Article XVIII-I, taxpayers who adopt a shelter animal, defined as a cat or dog from a recognized shelter or rescue organization, can claim a tax credit of $100 per adopted animal, with a maximum of three credits per taxable year. To qualify for the credit, taxpayers must provide proof that the adopted animal has been spayed or neutered and that the adoption occurred during the qualifying taxable year.

The bill outlines the application process for claiming the tax credit, which must be included with the taxpayer's return under Article III. It specifies that the credit applies to taxes imposed under Article III and is effective for the taxable year in which the animal is adopted. Additionally, the bill states that taxpayers cannot carry back, obtain a refund for, sell, or assign any unused tax credits. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 1172 (Mar 31, 2025): P.L.6, No.2
Printer's No. 1172: P.L.6, No.2