Bill > S04033

This bill establishes a personal income tax credit for certain healthcare professionals, referred to as "preceptor clinicians," who provide unpaid preceptor instruction to students studying to become healthcare professionals, such as physicians, physician assistants, nurses, and midwives. The credit is worth $1,000 for every 100 hours of preceptor instruction, with a maximum of $3,000 per year. The bill also authorizes the Commissioners of Education and Taxation and Finance to promulgate rules and regulations to administer the tax credit program, and it applies to taxable years from 2020 to 2024, at which point it will expire.