HAPPY Act: $3,500 Pet Care Expenses Deduction (Proposed)
October 7, 2009 by emmadawson
ww.bargaineering.com/images/in_posts/meet-tobey.gif" alt="Jim & Tobey" class="r">Wouldn’t you throw your support behind something called the HAPPY Act? I know I would, it sounds so… cheery!It exists and it’s a bill that has been introduced in the House of Representatives by Representative Thaddeus McCotter (R-MI). The Humanity and Pets Partnered Through the Years (HAPPY) Act, H.R. 3501, would offer a $3,500 tax deduction for qualified pet care expenses. A qualified pet is a “legally owned, domesticated, live animal” that isn’t used for research or business. Expenses cover pet products, service, veterinary visits, and basically anything that is related to the care of a pet.
It seems like a difficult time to be introducing this bill when we have so many other economic issues to deal with but it sure is sweet.
First reaction: Frivolous deficit spending? Or legitimate deduction we should entertain?
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