|
Welcome to the YorkieTalk.com Forums Community - the community for Yorkshire Terriers. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. You will be able to chat with over 35,000 YorkieTalk members, read over 2,000,000 posted discussions, and view more than 15,000 Yorkie photos in the YorkieTalk Photo Gallery after you register. We would love to have you as a member! Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please click here to contact us. |
|
| LinkBack | Thread Tools |
08-12-2009, 04:31 AM | #1 |
Donating YT 3000 Club Member Join Date: Jul 2005 Location: Ohio
Posts: 7,946
| Tax Credit for Pet Expenses starting 12-31-09 Woo Hoo Humanity and Pets Partnered Through the Years (HAPPY) Act (Introduced in House) HR 3501 IH 111th CONGRESS 1st Session H. R. 3501 To amend the Internal Revenue Code of 1986 to allow a deduction for pet care expenses. IN THE HOUSE OF REPRESENTATIVES July 31, 2009 Mr. MCCOTTER introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow a deduction for pet care expenses. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Humanity and Pets Partnered Through the Years (HAPPY) Act'. SEC. 2. FINDINGS. The Congress finds the following: (1) According to the 2007-2008 National Pet Owners Survey, 63 percent of United States households own a pet. (2) The Human-Animal Bond has been shown to have positive effects upon people's emotional and physical well-being. SEC. 3. DEDUCTION FOR PET CARE EXPENSES. (a) In General- Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to additional itemized deductions for individuals) is amended by redesignating section 224 as section 225 and by inserting after section 223 the following new section: `SEC. 224. PET CARE EXPENSES. `(a) Allowance of Deduction- In the case of an individual, there shall be allowed as a deduction for the taxable year an amount equal to the qualified pet care expenses of the taxpayer during the taxable year for any qualified pet of the taxpayer. `(b) Maximum Deduction- The amount allowable as a deduction under subsection (a) to the taxpayer for any taxable year shall not exceed $3,500. `(c) Qualified Pet Care Expenses- For purposes of this section, the term `qualified pet care expenses' 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. `(d) Qualified Pet- For purposes of this section-- `(1) QUALIFIED PET- The term `qualified pet' means a legally owned, domesticated, live animal. `(2) EXCEPTIONS- Such term does not include any animal-- `(A) used for research or owned or utilized in conjunction with a trade or business, or `(B) with respect to which the taxpayer has claimed a deduction under section 162 or 213 in any of the preceding 3 taxable years.'. (b) Clerical Amendment- The table of sections for part VII of subchapter B of chapter 1 of such Code is amended by striking the last item and inserting the following new items: `Sec. 224. Pet care expenses. `Sec. 225. Cross reference.'. (c) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2009. mandymmrView Public ProfileSend a private message to mandymmrFind all posts by mandymmr
__________________ |
Welcome Guest! | |
08-12-2009, 04:38 AM | #2 |
Donating YT 1000 Club Member Join Date: Jun 2009 Location: Morristown, TN
Posts: 3,736
| Oh my gosh!!! That is so awesome!!!!
__________________ Hello and hugs from Kristie & the furbabies! A world without yorkies is not a very bright one |
08-12-2009, 04:39 AM | #3 |
Furbutts = LOVE Donating Member Moderator | Oh WOW! So this has passed and will be effective in 2010 then? The max deduction is $3500...hello!...I've spent that on vets in the last 4 months, lol! How great to be able to deduct that though.
__________________ ~ A friend told me I was delusional. I nearly fell off my unicorn. ~ °¨¨¨°ºOº°¨¨¨° Ann | Pfeiffer | Marcel Verdel Purcell | Wylie | Artie °¨¨¨°ºOº°¨¨¨° |
08-12-2009, 04:44 AM | #4 |
Owned by Rory & Lane Donating Member Join Date: Sep 2008 Location: Atlanta, GA
Posts: 1,893
| WOW! I can't believe it...this would be amazing.
__________________ Rory and Lane now have a dog blog, Doggie Debutantes. Find us on Facebook here. |
08-12-2009, 04:45 AM | #5 |
Donating YT 3000 Club Member Join Date: Jul 2005 Location: Ohio
Posts: 7,946
| I just can't believe this has passed Happy bill is right
__________________ |
08-12-2009, 05:04 AM | #6 |
Donating Senior Yorkie Talker Join Date: Oct 2008 Location: Brewerton, NY
Posts: 399
| oh wow! That's awesome!!!
__________________ Melissa & Roxy |
08-12-2009, 05:10 AM | #7 |
Bailey's Mom Donating Member Join Date: Mar 2008 Location: NC
Posts: 1,553
| Wow! This is wonderful news.
__________________ Shirl and Bailey |
08-12-2009, 05:26 AM | #8 |
Donating YT 1000 Club Member Join Date: Sep 2008 Location: With my yorkies
Posts: 10,350
| This bill has not been passed yet. It was sent to the House Ways & Means Committee on 7/31/09.
__________________ He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion. -- Author Unknown |
08-12-2009, 05:30 AM | #9 |
Yorkie Yakker Join Date: Jul 2009 Location: Orlando, FL
Posts: 55
| The bill hasn't passed - it was only introduced on 7/31. The effective date of 12/31/09 is there to identify, should the bill pass, that any spending prior to that date is inelligible. SO it would need to be money spent in 2010 and beyond. While I think the bill has its good points, I think it would have a a better chance at passing, were it to narrow down what spending is considered for the credit; medical expenses only versus toys, clothes, diamond collars, and beds. |
08-12-2009, 05:34 AM | #10 |
Donating YT Addict Join Date: Apr 2009 Location: West Lafayette, IN, USA
Posts: 279
| This has just made my day! :bana nna:I can't wait to tell my DH
__________________ Helen, Bella and Baci |
08-12-2009, 06:14 AM | #12 |
Therapy Dog Donating Member | OMG..is this for real??? I can only hope!! With one sick Yorkie girl..this will help - but wish it was for this year. let's pray this passes!!
__________________ Cynd, Izzy (Yorkie) & Cosmo (Biewer)(Secwetary & Charter Membwer of the Dirty FurKids Cwub)-Jusz say NO ta bein' cwean!)proud member of the CrAzYcLuB! ~The PINK club~SRC |
08-12-2009, 06:46 AM | #13 |
Donating YT 3000 Club Member Join Date: Jul 2005 Location: Ohio
Posts: 7,946
| I had received letters about it being introduced and when I saw this, this morning I thought for sure it had passed. Let's all call our rep to Congress today. Sorry about that, it does say introduced and I guess I was so excited I read too quickly.
__________________ |
08-12-2009, 06:49 AM | #14 |
Donating YT 12K Club Member Join Date: Jan 2006 Location: Council Bluffs Iowa
Posts: 12,552
| Sorry to be a wet blanket, but I can not see that being passed considering the federal deficit. |
08-12-2009, 06:59 AM | #15 |
Donating YT 3000 Club Member Join Date: Jul 2005 Location: Ohio
Posts: 7,946
| That's why I was surprised as well but they have deductions for wild and crazy things and this makes sense and will keep alot of pet in their homes. Here is the info for the different state reps. I'll get senators in a minute. Dog people can do this......I Hope!! Tell all your nonmember friends. Member Web Site Listing (by State) - United States House of Representatives, 111th Congress, 1st Session
__________________ |
Bookmarks |
|
|
| |
|
|
SHOP NOW: Amazon :: eBay :: Buy.com :: Newegg :: PetStore :: Petco :: PetSmart