AZ HB2137

Establishes a tax credit for individual medical preceptors (MDs and DOs) who provide preceptorships to eligible medical students, allowing $100 per preceptorship up to $1,000 maximum per taxable year.

Creates a parallel tax credit for corporations employing medical preceptors who provide preceptorships, also capping at $1,000 per employed preceptor per taxable year.

Requires preceptorships to last at least four consecutive weeks and preceptors must obtain certification letters from the medical school confirming the student's eligibility and program qualification.

Limits combined annual tax credits under both provisions to $100,000 per fiscal year, with taxpayers required to obtain pre-approval from the Department of Revenue before claiming credits.

Applies to taxable years beginning after December 31, 2017, and covers preceptorships in obstetrics, gynecology, family practice, pediatrics, and internal medicine fields for students pursuing MD or DO degrees at accredited in-state institutions.