New York S07105 amends tax law to provide a tax credit of up to $1,000 for each long-term care insurance policy.

New York S07105 amends the tax law to allow a credit of up to $1,000 for each long-term care insurance policy. This credit applies to the amount of the premium paid during the taxable year. To qualify, the insurance must meet certain standards and be approved by the superintendent. The credit can be carried over to subsequent years if it exceeds the taxpayer's tax for the current year.

New York S07105 amends tax law to provide a tax credit of up to $1,000 for each long-term care insurance policy.

New York S07105 amends the tax law to allow a credit of up to $1,000 for each long-term care insurance policy. This credit applies to the amount of the premium paid during the taxable year. To qualify, the insurance must meet certain standards and be approved by the superintendent. The credit can be carried over to subsequent years if it exceeds the taxpayer's tax for the current year.