Bill

Bill > HB2390


OR HB2390

Relating to tax credits for rural medical providers; prescribing an effective date.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act raises the amount of the tax credit that rural medical providers can get. The Act also says that the provider can get the tax credit no matter how much money they make. (Flesch Readability Score: 70.1). Increases the amount of income tax credit allowed to rural medical providers. Removes the el- igibility limitation based on the adjusted gross income of the medical provider. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.

AI Summary

This bill increases tax credits for rural medical providers by doubling the amount of tax credits available based on the distance of a medical practice from a major population center. Currently, providers receive $3,000-$5,000 depending on their distance from a metropolitan area, which will now be increased to $6,000-$10,000. Importantly, the bill removes the previous income limitation that restricted the tax credit to providers with adjusted gross income not exceeding $300,000, making the credit available to all qualifying rural medical providers regardless of their income. The bill applies to tax years beginning on or after January 1, 2025, and will take effect 91 days after the 2025 legislative session adjourns. Eligible providers include physicians, physician associates, nurse practitioners, certified registered nurse anesthetists, dentists, and optometrists who work at least 20 hours per week in a rural practice and meet specific hospital affiliation or patient admission requirements. The goal is to incentivize medical professionals to practice in rural areas by providing financial support and improving healthcare access in less populated regions.

Committee Categories

Health and Social Services

Sponsors (11)

Last Action

Public Hearing held. (on 01/30/2025)

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