Adopt the Preceptorship Tax Credit Act

LB 305 creates a Nebraska tax credit for licensed physicians who serve as unpaid preceptors in medical student training programs. Physicians participating in approved preceptorship programs can claim a $1,000 tax credit per clinical rotation (minimum 80 hours), capped at $5,000 annually per physician. The credit is nonrefundable and prioritizes physicians in rural counties (under 100,000 residents), with a total annual limit of $1 million across all applicants. This policy directly affects Nebraska physicians participating in medical education programs, aiming to support rural healthcare training by reducing their tax burden. The bill amends Nebraska’s tax code to include this new credit as a specific provision.