N.Y. Tax Law § 190

§ 190. Long-term care insurance credit. * 1. General. A taxpayer shall\nbe allowed a credit against the tax imposed by this article, other than\nthe taxes and fees imposed by sections one hundred eighty and one\nhundred eighty-one of this article, equal to twenty percent of the\npremium paid during the taxable year for long-term care insurance. In\norder to qualify for such credit, the taxpayer's premium payment must be\nfor the purchase of or for continuing coverage under a long-term care\ninsurance policy that qualifies for such credit pursuant to section one\nthousand one hundred seventeen of the insurance law.\n * NB Effective until January 1, 2015\n * 1. General. A taxpayer shall be allowed a credit against the tax\nimposed by this article equal to twenty percent of the premium paid\nduring the taxable year for long-term care insurance. In order to\nqualify for such credit, the taxpayer's premium payment must be for the\npurchase of or for continuing coverage under a long-term care insurance\npolicy that qualifies for such credit pursuant to section one thousand\none hundred seventeen of the insurance law.\n * NB Effective January 1, 2015\n * 2. Computation. The credit allowed by this section shall first be\ndeducted from the taxes imposed by section one hundred eighty-three, one\nhundred eighty-five or one hundred eighty-six of this article. The\namount of any such credit remaining shall next be deducted from the\ntaxes imposed by section one hundred eighty-four of this article.\n * NB Effective until January 1, 2018\n * 2. Computation. The credit allowed by this section shall first be\ndeducted from the taxes imposed by section one hundred eighty-three or\nformer section one hundred eighty-six of this article. The amount of any\nsuch credit remaining shall next be deducted from the taxes imposed by\nsection one hundred eighty-four of this article.\n * NB Effective January 1, 2018\n * 3. Carryover. In no event shall the amount of credit allowed under\nthis section reduce the tax payable to less than the minimum tax fixed\nby section one hundred eighty-three, one hundred eighty-five or one\nhundred eighty-six of this article. If, however, the amount of credit\nallowable under this section for any taxable year reduces the tax to\nsuch amount, any amount of credit not deductible in such taxable year\nmay be carried over to the following year or years and may be deducted\nfrom the taxpayer's tax for such year or years.\n * NB Effective until January 1, 2018\n * 3. Carryover. In no event shall the amount of credit allowed under\nthis section reduce the tax payable to less than the minimum tax fixed\nby section one hundred eighty-three or former section one hundred\neighty-six of this article. If, however, the amount of credit allowable\nunder this section for any taxable year reduces the tax to such amount,\nany amount of credit not deductible in such taxable year may be carried\nover to the following year or years and may be deducted from the\ntaxpayer's tax for such year or years.\n * NB Effective January 1, 2018\n