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Author Topic: CA state assemblyman introduces bill creating tax deductions for pet adoption  (Read 429 times)
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menusux
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« on: April 16, 2009, 10:21:17 AM »

http://latimesblogs.latimes.com/unleashed/2009/04/california-state-assemblyman-introduces-bill-to-create-tax-deductions-for-pet-adoption.html

LA Times April 15, 2009

"While lots of folks (and at least one dog) are fuming about taxation today, one California state assemblyman is working to ease the tax burden for pet adopters. 

"Assemblyman Cameron Smyth (R-Santa Clarita) has introduced Assembly Bill 233, which would offer tax deductions to those who adopt pets from government-run shelters.  The bill, if passed, would allow adopters to write off up to $100 in adoption fees.  From Sacramento's CBS 13:

"With 800,000 animals taken in and cared for each year in California at a cost of $250 million, Assemblyman Smyth says the tax deduction will only cost an additional $1 million to the state, which would pay for itself in the first 800 or so animals.
While they're hoping to increase adoptions, they've decreased the proposed write-off amount. It was originally to be capped at $300. Now, it will be proposed at just $100. ...


"California income tax ranges from 1% to 10.3%. Writing off $100 would save that taxpayer between $1 and $10.30, which is not enough to even buy a bag of pet food."
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JJ
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« Reply #1 on: April 16, 2009, 11:41:38 AM »

If you do not have any other items to deduct what good is this? Just like deducting health care costs. It has to be a certain percentage of your gross income. Many do not fall into that category so not only are they stuck with paying the cost of health insurance each month, the cost of the doctors' visits, tests are also borne out of their own pockets and do not get to deduct any of it because it does not meet the $$$ level to claim it on the income tax return. This $100.00 won't be taken by many people so its just an idea thought up by someone and exactly how many will claim this or be able to?
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Mandycat
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« Reply #2 on: April 16, 2009, 04:07:35 PM »

When one does not have enough deductions to itemize them, it is covered in the Standard Deduction.  Taking the Standard Deduction actually gives one more to deduct than those items that would normally be itemized in this case.  Of course, if this $100 would be a tax credit instead, then everyone who adopts would get a benefit from it. 
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JJ
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« Reply #3 on: April 16, 2009, 09:11:01 PM »

MC good point  the TAX Credit. Then all would benefit. Maybe this guy should look into that end instead. Bet he didn't even think about the standard deduction when coming up with this.
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