Tax credit for medical school clinical faculty.

Provides a state income tax credit to Indiana physicians who provide uncompensated training of medical students in an approved clinical rotation training program in Indiana. Defines "clinical rotation" as a period of clinical training of one or more medical students that in the aggregate totals not less than 160 hours. Provides that the amount of the credit is equal to: (1) the number of clinical rotations completed in the taxable year; multiplied by (2) either: (A) $375 for each of the first one through three clinical rotations completed in the taxable year; or (B) $500 for each of the next four through 10 clinical rotations completed in the taxable year.