Bill > A06558

This bill establishes a $500 tax credit against income tax for nurses employed on a full-time basis for at least six months and nurses teaching at institutions of higher education, effective for tax years beginning on or after January 1, 2022. The bill defines "full-time basis" as employment of at least 30 hours per week, and "institution of higher education" as any accredited post-secondary school that grants degrees, certificates, or diplomas. If the credit amount exceeds the taxpayer's tax liability, the excess will be treated as an overpayment to be credited or refunded, but no interest will be paid on the excess.