Bill > S05803

This bill establishes a $500 tax credit against income tax for nurses employed on a full-time basis for at least six months and for nurses who teach at institutions of higher education, starting on or after January 1, 2024. The bill defines "full-time basis" as employment of at least 30 hours per week, and "institution of higher education" as accredited post-secondary schools that offer a degree, certificate, or diploma program. The credit can be applied to the taxpayer's tax liability, and any excess will be treated as an overpayment to be credited or refunded, but no interest will be paid on the overpayment.