Bill > S07701

This bill establishes a personal income tax credit for healthcare professionals (called "preceptor clinicians") who provide unpaid clinical instruction to students in healthcare educational programs in New York state. Specifically, the bill allows eligible healthcare professionals such as physicians, physician assistants, nurses, midwives, and other licensed medical practitioners to receive 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-based educational programs pursuing careers in specific medical fields like family medicine, internal medicine, pediatrics, and emergency medicine, among others. The instruction must be provided without compensation, and the preceptor must supervise students in clinical settings. The total tax credits available under this program are capped at $3 million per year from 2026 to 2030, with any excess credits rolled over to the following year. If a preceptor's credit exceeds their tax liability, they can carry over the remaining credit to future tax years. The bill requires the education and taxation commissioners to collaborate on implementing and administering the program, including creating a certification process to track preceptorship hours.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S7701