SB192 Summary

• Establishes the Preceptor Tax Incentive Program effective 2022 to provide income tax credits for unpaid community-based clinical preceptors training health professions students in rural and underserved areas of Alabama.

• Allows physician, dentist, and optometrist preceptors a $500 tax credit per 160-hour clinical rotation, with an annual maximum of $6,000.

• Allows physician assistant, nurse practitioner, nurse midwife, and certified registered nurse anesthetist preceptors a $425 tax credit per 160-hour clinical rotation, with an annual maximum of $5,100.

• Requires preceptors to register with the Alabama Statewide Area Health Education Center Program Office and limits eligible individuals to earning no more than 12 clinical preceptorships per calendar year.

• Restricts tax credits to preceptors who receive no monetary compensation for training and requires certification and documentation submitted to the Department of Revenue; credits cannot exceed annual income tax liability.