2015 New York Laws
TAX - Tax
Article 9 - (Tax) CORPORATION TAX
190 - Long-term care insurance credit.

  190. Long-term care insurance credit.  1. General. A taxpayer shall
  be allowed a credit against the tax imposed by  this  article  equal  to
  twenty percent of the premium paid during the taxable year for long-term
  care  insurance.  In  order  to  qualify for such credit, the taxpayer's
  premium payment must be for the purchase of or for  continuing  coverage
  under  a  long-term care insurance policy that qualifies for such credit
  pursuant to section one thousand one hundred seventeen of the  insurance
  law.
2.  Computation.  The  credit  allowed  by this section shall first be
  deducted from the taxes imposed by section one hundred  eighty-three  or
  former section one hundred eighty-six of this article. The amount of any
  such  credit  remaining shall next be deducted from the taxes imposed by
  section one hundred eighty-four of this article.
3. Carryover. In no event shall the amount  of  credit  allowed  under
  this  section  reduce the tax payable to less than the minimum tax fixed
  by section one  hundred  eighty-three  or  former  section  one  hundred
  eighty-six  of this article. If, however, the amount of credit allowable
  under this section for any taxable year reduces the tax to such  amount,
  any  amount of credit not deductible in such taxable year may be carried
  over to the following year  or  years  and  may  be  deducted  from  the
  taxpayer's tax for such year or years.