Bill > A00285

This bill establishes a personal income tax credit for healthcare professionals, known as "preceptor clinicians," who provide 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, up to a maximum of $3,000 per year. The bill also authorizes the Commissioner of Education and the Commissioner of Taxation and Finance to promulgate rules and regulations to implement the credit program, and the bill will be in effect from January 1, 2022, through December 31, 2026, with a total aggregate cap of $3 million in credits per year.