Bill > A03704

This bill establishes a personal income tax credit for certain healthcare professionals, known as "preceptor clinicians," who provide unpaid preceptor instruction to students studying to become healthcare professionals in New York. The credit is worth $1,000 for every 100 hours of preceptor instruction, up to a maximum of $3,000 per year. The eligible preceptor clinicians include physicians, physician assistants, nurse practitioners, and other healthcare providers. The bill authorizes the Commissioner of Education and the Commissioner of the Department of Taxation and Finance to promulgate rules and regulations to administer the tax credit program, and the credit is available for taxable years from 2020 to 2024, after which it will expire.