CO HB1142

Creates a $1,000 annual state income tax credit for health care preceptors who provide unpaid mentoring to graduate students pursuing primary care degrees in rural and frontier areas of Colorado.

Eligible preceptors include licensed medical doctors, osteopathic doctors, advanced practice nurses, physician assistants, and dentists who conduct mentorships lasting at least four weeks per calendar year.

Eligible students must be pursuing degrees as doctors of medicine, osteopathic medicine, advanced nursing practice, dental surgery, or physician assistants at accredited Colorado institutions of higher education.

Limits the credit to no more than 200 preceptors per income tax year; unused credit may be carried forward up to five succeeding tax years if it exceeds current year tax liability.

Credit period runs from January 1, 2017 through December 31, 2019, with the provision repealing entirely on July 1, 2027.