Bill > S1627

This bill, the PRECEPT Nurses Act, creates a tax credit of $2,000 for "eligible nurse preceptors" who serve at least 200 hours during the taxable year as a nurse preceptor in a designated health professional shortage area. Nurse preceptors are licensed registered nurses or other healthcare providers who provide supervision, training, and mentorship to nursing students or newly hired nurses. The bill requires the preceptors to receive certification from the relevant academic institution or clinical site to claim the credit. The bill also mandates the Secretary of the Treasury to report annually on the usage of the credit and to provide an evaluation of its effectiveness in increasing the number of nurse preceptors in the United States by 2031. The credit is funded by transferring any unobligated and expired COVID-19 relief funds to the general treasury.