PetMeds®: Tax Deduction for pet meds?

 
Filed under Pharmacy Blog

Here’s an interesting tidbit for all of us pet owners. Congress has legislation (H.R. 3501) that was introduced to the House of Representatives by Rep. McCotter, that is titled the “Humanity and Pets Partnered Through the Years (HAPPY) Act“.

The purpose of the bill, as I understand it, is to create a deduction for allowable pet care expenses in any taxable year not to exceed $3,500 for qualified pets under the act.

The large question is what would be an “allowable pet care expense”? According to language in the bill it means “amounts paid in connection with providing care (including veterinary care) for a qualified pet other than any expense in connection with the acquisition of the qualified pet”.

This bill was introduced to the House of Representatives on July 31, 2009.

Anyone have any thoughts?

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3 Comments

  1. julie
    Posted August 24, 2009 at 2:15 pm | Permalink

    I love this!!! Who can we write or petition to get this passed?

    [Reply]

  2. Elaine
    Posted December 16, 2009 at 11:43 pm | Permalink

    Would also like to know how we can support this to get this legislation passed. Would make a great difference to many, I would think.

    [Reply]

  3. Gary Koesten
    Posted December 17, 2009 at 1:51 pm | Permalink

    You should get in touch with your congressman to let him know you support H.R. 3501 and would like his support on this legislation as well.

    [Reply]

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