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AR HB1670
Bill
Status
3/4/2025
Primary Sponsor
Lee Johnson
Click for details
AI Summary
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Creates the Preceptor Tax Incentive Program providing state income tax credits to licensed healthcare and counseling professionals who train students in accredited programs
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Uncompensated faculty preceptors receive a $1,000 refundable tax credit per student trained, with a maximum of $10,000 per year
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Compensated faculty preceptors (paid as independent contractors by schools) receive a refundable tax credit equal to their compensation, capped at $6,000 per year
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Eligible preceptors include physicians, registered nurses, advanced practice nurses, physician assistants, licensed professional counselors, and licensed marriage and family therapists
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A preceptorship rotation must total at least 160 hours of training occurring in Arkansas; effective for tax years beginning January 1, 2025
Legislative Description
To Create The Preceptor Tax Incentive Program; And To Provide Incentives For Certain Medical Or Counseling Professionals To Train Certain Students Who Are Learning To Become Medical Or Counseling Professionals.
Last Action
WITHDRAWN BY AUTHOR
4/14/2025