Provides a tax credit for qualified caregiving expenses

This bill creates a new tax credit for New York State residents who pay for qualified caregiving services for eligible family members. It directly affects caregivers (including spouses on joint returns) with household incomes under $75,000 ($150,000 for couples) who provide uncompensated care to family members meeting specific criteria (e.g., over 18, NY resident, needing daily living assistance certified by a healthcare provider). The credit covers 50% of eligible expenses - such as home health services, respite care, or home modifications - up to $3,500 annually, with a total annual cap of $35 million allocated on a first-come basis. Unused credit amounts cannot be refunded or carried forward, and applications require documentation including income and family member details.