Missy Woodward interviews U.S. Rep. Thaddeus McCotter, R-MI, who has introduced the HAPPY Act to provide a $3,500 tax credit for pet and veterinary care. H.R. 3501, or the Humanity and Pets Partnered Through the Years (HAPPY) Act, would amend the Internal Revenue Code to allow individuals a deduction of up to $3500 a year for qualified pet care expenses. Qualified expenses would be 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. The pet must be a legally owned, domesticated, live animal. Animals used in research or business would not qualify for the deduction.
The HAPPY Act may be welcome news to cat owners. The ASPCA estimates yearly expenses for one cat at nearly $700, and if the cat is a senior, has any health problems, or suffers an injury, the cost could be much higher. Individuals involved in animal rescue could benefit greatly by these allowable expense deductions as medical care is very costly and this could aid in the rescue of more animals from our nation’s overcrowded shelters. Individuals concerned about adopting animals during these difficult economic times could then move forward and save a life due to this tax break on qualified pet care. A win-win for humans and animals.
The bill is currently with the House Ways and Means Committee. To further support this bill, please write your Congressman and urge them to co-sponsor / support the Happy Act.
Produced by Jeff Fleiss, Founder of AnimalNews.info, Spay Neuter USA and DoggyTV