This bill establishes an advanced registered nurse practitioner preceptor tax credit that can be applied against individual income tax. It defines key terms such as "preceptor," "clinical preceptorship," and "nursing program," and outlines the eligibility criteria for preceptors to qualify for the tax credit. To be eligible, preceptors must provide uncompensated instruction and supervision during a clinical preceptorship, be employed at the clinical facility, be selected by the nursing program, and have at least one year of experience in the preceptor role.

The tax credit is set at $500 for each clinical preceptorship where a minimum of 100 hours of clinical learning experience is provided, with a maximum aggregate credit of $2,000. The bill specifies that any credit exceeding the tax liability is non-refundable and cannot be carried over to future tax years. Additionally, preceptors are required to maintain accurate documentation of the clinical experience, and the Department of Revenue will adopt rules for the administration of this tax credit. The provisions of this bill will take effect for tax years beginning on or after January 1, 2026.