CT HB05014

Establishes a tax credit for preceptors (licensed healthcare providers or facilities) who provide clinical nursing experiences to nursing students pursuing bachelor's, master's, or doctorate degrees at Connecticut institutions of higher education.

Credits equal $1,000 for every 100 preceptorship hours provided at no cost to students, with a maximum annual credit of $4,000 per preceptor.

Total statewide credits cannot exceed $1.5 million per fiscal year, and credits apply against state income tax liability under chapters 208 and 229 of general statutes.

Preceptors must apply annually to the Department of Public Health with documentation of completed hours and agreements with educational institutions; the commissioner must issue a decision within 30 days.

Effective July 1, 2020, applicable to income and taxable years beginning January 1, 2021 and thereafter.