Bill > LB305

This bill establishes the Preceptorship Tax Credit Act, which provides a tax incentive for licensed physicians who serve as unpaid preceptors for medical students in clinical training programs. The bill defines key terms such as "preceptor" (a licensed physician who participates in a preceptorship program) and "rural location" (a county with fewer than 100,000 residents). Starting in 2026, eligible physicians can receive a nonrefundable tax credit of $1,000 for each rotation of at least 80 hours completed without compensation, with a maximum annual credit of $5,000 per physician. To claim the credit, physicians must apply to the Department of Revenue, providing an affidavit verifying their unpaid preceptorship service. The department will approve credits up to $1 million annually, with priority given to physicians who serve in rural locations. The credit cannot be transferred, sold, or assigned, and the Department of Revenue is authorized to create rules and regulations for implementing the program. The bill also amends existing tax law to include this new tax credit among the list of available credits for taxpayers.