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Bill > HF111

IA HF111

A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.

summary

Introduced
01/22/2025
In Committee
01/22/2025
Crossed Over
Passed
Dead

Introduced Session

91st General Assembly

Bill Summary

This bill creates an advanced registered nurse practitioner preceptor tax credit available against the individual income tax. The bill defines preceptor to mean an advanced registered nurse practitioner who is currently licensed as a registered nurse under Code chapter 152 or Code chapter 152E, and who is licensed by the board as an advanced registered nurse practitioner. The bill defines clinical preceptorship to mean a mentoring experience under the direction of a nursing program where a preceptor is used to provide a clinical learning experience for a student who is a resident enrolled in the nursing program. In order to be eligible for the tax credit under the bill, a preceptor must provide uncompensated instruction and supervision during a clinical preceptorship, be employed at the clinical facility where the preceptorship occurs, be selected by the nursing program in collaboration with the clinical facility to participate in the clinical preceptorship, and have at least one year of experience in the preceptor role. The amount of the tax credit equals $500 per clinical preceptorship where at least 100 hours of clinical learning experience is provided, not to exceed $2,000 in the aggregate. Any credit in excess of the tax liability is not refundable and shall not be credited to a following tax year or carried back to a previous tax year. The bill requires the preceptor to accurately document the student’s experience including the name of the student, the name of the nursing program, the hours of supervision, and the year of the student’s expected graduation. The department of revenue is required to adopt rules to administer the bill. The bill applies to tax years beginning on or after January 1, 2026.

AI Summary

This bill creates a tax credit for advanced registered nurse practitioners (ARNPs) who serve as preceptors, providing uncompensated clinical training to nursing students. Specifically, ARNPs can receive a $500 tax credit for each clinical preceptorship where they supervise a student for at least 100 hours, with a maximum annual credit of $2,000. To qualify, the ARNP must be currently licensed, employed at the clinical facility, selected by the nursing program, have at least one year of preceptor experience, and provide mentoring without compensation. The preceptor must maintain detailed documentation of the student's experience, including the student's name, nursing program, supervision hours, and expected graduation year. The tax credit is non-refundable and cannot be carried forward or backward to other tax years. The Iowa Department of Revenue will develop rules to implement the program, and the tax credit will be available for tax years beginning on or after January 1, 2026. The bill aims to incentivize experienced nurses to support the training of future healthcare professionals by offering a modest financial benefit for their educational mentorship.

Committee Categories

Budget and Finance

Sponsors (15)

Last Action

Introduced, referred to Ways and Means. H.J. 110. (on 01/22/2025)
(2 Companion Bills)

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