House Bill No. [insert bill number] introduces a new tax credit for health care preceptors in Montana who assist eligible students in health care training programs without receiving compensation. The credit allows taxpayers to claim $1,000 for each eligible clinical rotation, with a maximum of $5,000 per tax year. To qualify, preceptors must not have received any form of compensation during the tax year they are claiming the credit. The bill also grants the department the authority to establish rules and maintain records necessary for verifying clinical rotation hours and implementing the credit.

Additionally, the bill 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. The act will take effect for income tax years beginning after December 31, 2025. The bill includes definitions for key terms such as "clinical rotation," "eligible health care training program," and "preceptor," ensuring clarity in its application.

Statutes affected:
LC Text: 15-30-2303
HB0163_1(1): 15-30-2303
HB0163_1(2): 15-30-2303
HB0163_1(3): 15-30-2303
HB0163_1(4): 15-30-2303
HB0163_1(5): 15-30-2303
HB0163_1: 15-30-2303