Bill > A06460

This bill establishes a personal income tax credit for certain healthcare professionals who provide unpaid clinical preceptorship instruction to students in healthcare-related educational programs in New York state. Specifically, the bill allows eligible preceptor clinicians, including physicians, physician assistants, nurses, midwives, and other healthcare professionals, to claim a tax credit of $1,000 for every 100 hours of preceptorship instruction, with a maximum annual credit of $3,000. To qualify, the preceptorship must be for students in New York state-based educational programs seeking careers in specific medical fields like family medicine, internal medicine, pediatrics, and others. The instruction must be provided without compensation and in settings such as community and in-patient facilities. The total aggregate tax credits available under this program will be limited to $3 million per year from 2026 to 2030, with any excess credits rolled over to the subsequent year. The bill requires the commissioners of education and taxation to collaborate on administering the program and allows for necessary regulatory procedures. The tax credit will be effective for taxable years beginning January 1, 2026, and will expire on December 31, 2030.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A6460