Provides a gross income tax deduction for veterinarian expenses.

This New Jersey bill (S 1863) allows taxpayers to deduct up to $2,500 in nonreimbursed veterinary expenses for their pets from their gross income each year. It applies to costs for examinations and care of domesticated animals maintained in or near the taxpayer’s household, provided the veterinarian is licensed in New Jersey. The deduction is limited to expenses not covered by insurance or other reimbursement. The bill takes effect immediately upon enactment.