HB19-1088
Modify Income Tax Credit Health Care Preceptors
Concerning modifications to the existing income tax credit for health care preceptors working in health care professional shortage areas, and, in connection therewith, clarifying the definition of "preceptorship" and extending the existing sunset date for the tax credit.
Session:
2019 Regular Session
Subjects:
Bill Summary
Fiscal Policy & Taxes
Health Care & Health Insurance
Income tax credit - health care preceptors working in health care professional shortage areas - definition of "preceptorship" - continuation under the sunset law. The act makes the following modifications to the existing income tax credit for health care preceptors working in health care professional shortage areas:
- Clarifies the definition of "preceptorship" to specify that the period of time for which the period of personalized instruction, training, and supervision must be provided to be eligible to claim the tax credit is not less than 4 working weeks or 20 business days per calendar year; and
- Extends the existing sunset date under which the tax credit would expire to tax years commencing prior to January 1, 2023.
(Note: This summary applies to this bill as enacted.)