Bill > A02230

This bill establishes a personal income tax credit for preceptor clinicians, such as physicians, physician assistants, and registered nurses, who provide preceptor instruction as part of a clinical preceptorship for students studying to become healthcare professionals. The credit is $1,000 per 100 hours of preceptor instruction, up to a maximum of $3,000 per year. The total amount of tax credits allowed under this program is capped at $3 million per year from 2024 to 2028. 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 allows the Department of Taxation and Finance to access relevant records from the Department of Education.