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

1. Credit. A taxpayer constituting an employing unit is allowed a credit against the tax imposed by this Part 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 Part. 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 credit allowed with respect to the carry-over of unused credit amounts pursuant to subsection 3 , the tax credit allowed under this section does not apply to tax years beginning on or after January 1, 2016.