This bill establishes an advanced registered nurse practitioner preceptor tax credit applicable against individual income tax, aimed at incentivizing preceptors who provide clinical instruction to nursing students. The bill 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 $1,000 per clinical preceptorship, provided that the preceptor offers at least 100 hours of clinical learning experience, with a maximum aggregate credit of $2,000. The bill also stipulates that any excess credit beyond the tax liability is refundable, or can be applied to the following tax year. Additionally, preceptors are required to maintain accurate documentation of the clinical experience, and the Department of Revenue must report on the tax credit's activities annually starting November 1, 2028. The provisions of this bill will take effect for tax years beginning on or after January 1, 2026.