New York A07658 amends the tax law to provide a refund for any excess tax paid after applying other credits and the credit for long-term care.

New York A07658 amends the tax law to allow a refund for any excess tax paid after applying other credits and the credit for long-term care insurance. This applies to residents and nonresidents, with specific limitations on the credit amount and income thresholds. If the credit exceeds the tax liability, the excess amount will be refunded without interest. The changes will take effect immediately and apply to taxable years beginning on or after January 1 of the year following the bill's enactment.

New York A07658 amends the tax law to provide a refund for any excess tax paid after applying other credits and the credit for long-term care.

New York A07658 amends the tax law to allow a refund for any excess tax paid after applying other credits and the credit for long-term care insurance. This applies to residents and nonresidents, with specific limitations on the credit amount and income thresholds. If the credit exceeds the tax liability, the excess amount will be refunded without interest. The changes will take effect immediately and apply to taxable years beginning on or after January 1 of the year following the bill's enactment.