Today's Law As Amended


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AB-2326 Personal income tax: deductions: pet adoption costs.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 17239 is added to the Revenue and Taxation Code, to read:

17239.
 (a) For each taxable year beginning on or after January 1, 2015, and before January 1, 2020, there shall be allowed as a deduction an amount equal to the qualified costs paid or incurred during the taxable year by a taxpayer for the adoption of a pet from a qualified animal rescue organization.
(b) For the purposes of this section, the following definitions shall apply:
(1) “Pet” means an animal adopted from a qualified animal rescue organization that is not used by the taxpayer in a trade or business or for the production of income.
(2) “Qualified animal rescue organization” means a public animal control agency or shelter, humane society shelter, or rescue group.
(3) “Qualified costs” means amounts paid or incurred to a qualified animal rescue organization to adopt a pet, not to exceed one hundred dollars ($100).
(4) “Rescue group” means an organization exempt from federal income taxation as, an organization described in Section 501(c)(3) of the Internal Revenue Code, whose primary purpose is the placement of dogs, cats, or other animals that have been removed from a public animal control agency or shelter, society for the prevention of cruelty to animals shelter, or humane society, or that have been surrendered or relinquished to the rescue group by the previous owner.
(c) The deduction allowed under this section for a taxable year shall not exceed one hundred dollars ($100).
(d) This section shall remain in effect only until December 1, 2020, and as of that date is repealed.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect.