The proposed bill establishes a nonrefundable income tax credit for health care preceptors who assist eligible students in health care training programs without receiving compensation. Taxpayers serving as preceptors can claim a credit of $1,000 for each eligible clinical rotation, with a maximum credit of $5,000 per tax year. The bill outlines specific definitions for "clinical rotation," "eligible health care training program," and "preceptor," ensuring clarity on who qualifies for the credit. Additionally, the Department of Revenue is granted rulemaking authority to implement the credit and verify clinical rotation hours.

The bill also amends Section 15-30-2303 of the Montana Code Annotated to include the health care preceptor tax credit among those subject to review by the revenue interim committee. This inclusion ensures that the credit will be evaluated periodically to assess its effectiveness and impact. The act is set to apply to income tax years beginning after December 31, 2025, and includes provisions for codification as part of Title 15, chapter 30, part 23.

Statutes affected:
LC Text: 15-30-2303
HB0163_1: 15-30-2303
HB0163_1(1): 15-30-2303