Section 190. Long-term care insurance credit

1. General. A taxpayer shall
  be allowed a credit against the tax imposed by this article, other  than
  the  taxes  and  fees  imposed  by  sections  one hundred eighty and one
  hundred eighty-one of 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, one
  hundred  eighty-five  or  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,  one hundred eighty-five or 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.