This bill amends the Tax Reform Code of 1971 by introducing a new section that provides a tax deduction for health care providers who serve as preceptors for volunteer-based supervised clinical training rotations. Specifically, it allows these taxpayers to deduct $1,000 from their taxable income for each rotation they supervise, regardless of the number of rotations. The bill establishes the Preceptor Certification Committee within the Department of Revenue, which will be responsible for certifying applications for the tax deduction, maintaining records, and issuing certificates to taxpayers who qualify.

The committee will consist of representatives from the Department of Health, the State Board of Medicine, and the State Board of Nursing. It is tasked with developing a certification process that includes verifying the preceptor's qualifications and the details of the supervised training. The bill also specifies that if the deduction exceeds the tax due, no refund or carryover credit will be allowed. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 355 (Jan 28, 2025): P.L.6, No.2
Printer's No. 0355: P.L.6, No.2