HB280 Summary

• Establishes the Preceptor Tax Incentive Program effective with the 2022 tax year to provide income tax credits to physicians, dentists, optometrists, physician assistants, and advanced practice nurses who conduct unpaid clinical preceptorships for health professions students in Alabama.

• Provides $500 per 160-hour clinical rotation (maximum $6,000 annually) for community-based physician, dentist, or optometrist preceptors and $425 per rotation (maximum $5,100 annually) for physician assistant, nurse practitioner, nurse midwife, and nurse anesthetist preceptors.

• Limits individuals to a maximum of 12 clinical preceptorships per calendar year and requires preceptors to register with the Alabama Statewide Area Health Education Center Program Office to be eligible for credits.

• Designates the Alabama Statewide Area Health Education Center Program Office to administer the program and certify clinical preceptorship rotations for eligible public and private health professions training programs in the state.

• Requires preceptors claiming the credit to submit documentation to the Department of Revenue certifying they received no monetary compensation for the training and prohibits credits from exceeding annual income tax liability.