House Bill No. introduced by K. Walsh and others proposes the creation of a nonrefundable income tax credit for health care preceptors who assist eligible students in health care training programs without receiving compensation. The bill allows a credit of $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 claim the credit. The bill also grants rulemaking authority to the department to establish necessary regulations and definitions related to the credit, including what constitutes an eligible health care training program and clinical rotation.

Additionally, the bill amends Section 15-30-2303 of the Montana Code Annotated to include the new health care preceptor tax credit among those that must be reviewed by the revenue interim committee. The bill specifies that it will 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(1): 15-30-2303
HB0163_1(2): 15-30-2303
HB0163_1(3): 15-30-2303
HB0163_1(4): 15-30-2303
HB0163_1: 15-30-2303