A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.
Maddy summaryHF 111 creates a tax credit for advanced registered nurse practitioners (ARNPs) who serve as unpaid clinical preceptors for nursing students. Eligible preceptors receive a $500 credit per qualifying clinical mentoring session (with at least 100 hours of supervised learning), capped at $2,000 annually for individual income tax. To qualify, preceptors must provide uncompensated instruction at their workplace, be selected by nursing programs, and have at least one year of preceptor experience. The credit applies to tax years starting January 1, 2026, and any unused portion isn’t refundable or carryable to other years.
Budget & TaxesSupports Budget & TaxesProvides tax credit against individual income tax for ARNPs, offering targeted tax relief aligned with fiscal support.
EducationSupports EducationBill incentivizes nursing preceptors to mentor students, directly supporting higher education training access and program capacity in nursing education.
HealthcareSupports HealthcareCreates tax credit to incentivize ARNPs to mentor nursing students, strengthening healthcare workforce development and improving future provider access.
In committee Jan 22, 2025
0 co-sponsors