Employer-provided long-term care benefits on and after January 1, 2000

1. Credit. A taxpayer under this chapter constituting an employing unit is allowed a credit against the tax imposed by this chapter for each taxable year equal to the lowest of the following: 2. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. 3. Limitation. The amount of the credit that may be used by a taxpayer for a taxable year may not exceed the amount of tax otherwise due under this chapter. Any unused credit may be carried over to the following year or years for a period not to exceed 15 years. 4. Application. Except for the unused credit carried over pursuant to subsection 3 , a tax credit is not allowed under this section for tax years beginning on or after January 1, 2016.