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Bill > SF391
IA SF391
A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.(Formerly SSB 1082.)
summary
Introduced
02/20/2025
02/20/2025
In Committee
02/26/2025
02/26/2025
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 a resident and 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 $1,000 per clinical preceptorship where at least 100 hours of clinical learning experience is provided, not to exceed $2,000 in the aggregate. The bill specifies that the tax credit is refundable, and in lieu of a refund, the taxpayer may elect to have the overpayment shown on the taxpayer’s final, completed return credited to the tax liability for the following 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 bill requires the department of revenue to submit a report to the general assembly a report describing the activities of the tax credit for the most recent tax year for which the tax credit was available. 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 uncompensated clinical preceptors for nursing students. To qualify, a preceptor must be a licensed resident ARNP who provides at least 100 hours of clinical supervision to a nursing student during a required clinical practicum, be employed at the clinical facility, and have at least one year of preceptor experience. The tax credit is worth $1,000 per clinical preceptorship, with a maximum annual credit of $2,000, and is fully refundable, meaning if the credit exceeds the taxpayer's tax liability, they can receive the difference as a refund or apply it to the next year's taxes. Preceptors must maintain detailed documentation of their supervision, including the student's name, nursing program, hours of instruction, and expected graduation year. Starting in November 2028, the department of revenue must submit an annual report to the general assembly detailing the tax credit's usage, including the number of credits claimed, locations of preceptorships, number of students supervised, and hours of clinical learning experiences. The bill will apply to tax years beginning on or after January 1, 2026, and aims to incentivize experienced nurses to mentor and train the next generation of nursing professionals.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Health And Human Services (S)
Last Action
Subcommittee: Dawson, Bisignano, and Rowley. S.J. 393. (on 03/03/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF391 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF391.html |
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