CO HB1088

Clarifies "preceptorship" definition to mean uncompensated mentoring experience requiring a minimum of four working weeks or twenty business days per calendar year for eligible graduate students.

Extends the income tax credit sunset date from January 1, 2020 to January 1, 2023, allowing taxpayers to claim a $1,000 credit for providing preceptorships in rural or frontier areas.

Modifies eligibility requirement to specify that preceptors must be practicing in their primary health care field in a rural or frontier area and provide the minimum required mentoring during the applicable tax year.

Changes the overall sunset date for the entire tax credit section from July 1, 2027 (previously effective date not specified in original).

Bill takes effect August 2, 2019, subject to potential referendum petition approval by voters in November 2020.