Tag Archives: tax credit

Bill could give tax credit to New Yorkers who adopt pets


| aaltamirano@queenscourier.com


Fido might soon be able to pay you back for taking him out of a shelter.

Councilwoman Julissa Ferreras introduced to the City Council on Thursday a bill that would offer a $100 state tax credit to New Yorkers who have adopted a dog or cat from a shelter.

If the bill is taken up by the New York State Legislature and passed, it would make New York the first state to offer such a credit in the nation.

“Encouraging New Yorkers with a tax credit to adopt pets is not only compassionate but would bring relief to our overburdened animal shelters and to animal lovers who want to adopt but are weary of the initial costs,” Ferreras said. “In addition, the companionship of a pet has proven health and social benefits for adults and children.”

State Senator Kevin Parker is the prime sponsor of the bill in the state Senate.

“Councilwoman Ferreras’ resolution in support of my Senate bill S. 2894 provides a tax credit incentive to help offset adoption fees, vaccinations and initial pet care, significantly cutting the public cost of caring, feeding and providing medical care to pets that are often euthanized with an alternative and happier solution,” Parker said. “ Ferreras’ noteworthy resolution sets an example for other cities to do the same.”

According to statistics provided by the councilwoman, Animal Care & Control of New York City, the city’s contracted animal rescue organization, took in 29,809 cats and dogs between October 2013 and September 2014. Out of that number, over 6,100 were adopted.

“We have so many wonderful animals looking for loving homes each and every day, and welcome initiatives such as a pet tax credit that may encourage more New Yorkers to help make a difference for our city’s homeless cats and dogs,” said Risa Weinstock, executive director of Animal Care & Control.

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Tax credit to create jobs for youth


| mpantelidis@queenscourier.com

Businesses now have a $25 million incentive to hire and train at-risk or disadvantaged youth, thanks to the new youth tax credit signed into law by the governor and legislature early this December.

“In our current economic climate, it is very important that our young people have opportunities to gain valuable work experience to prepare for the future and, in many cases, provide for their families,” said Assemblymember Mike Miller.

The assembly’s legislation grants a tax break to companies in the clean energy, health care, advanced manufacturing and conservation fields that hire at-risk or disadvantaged youths between the ages of 16 and 24 during the first six months of 2012.

The companies will be eligible to receive up to $3,000 during the six-month training period for the new hires and could earn an extra $1,000 if they retain these new employees for an additional six months after the training has ended.

The tax credit program will be administered by the Department of Labor, with employment beginning before July 1, 2012.

Additionally, the state will provide $12 million in grants for critical job programs for inner-city youths. These grants will aid in youth-employment readiness training, occupational training, workplace mentoring and job placement. Participating youths will receive a $300 stipend per month to help with the costs faced when trying to enter the job market.

The legislation will also provide the Summer Youth Employment Program, which provides summer employment and educational experiences that enable youth to acquire skills, earn an income and work toward meeting their occupational goals.

“It is vitally important that we take steps now to make sure that the future of our state is in good hands,” Miller said. “This new legislation will provide our young people with the proper job training to make sure that the future is bright.”