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GA HB308
Bill
Status
Engrossed
3/1/2023
Primary Sponsor
Mark Newton
Click for details
AI Summary
- Adds licensed dentists to the definition of "community based faculty preceptor" eligible for the Georgia income tax credit for uncompensated preceptorship training of students, and expands "medical student" to include individuals in dentistry training programs approved by the Georgia Board of Dentistry
- Increases and simplifies the tax credit to a flat $1,000 per rotation for physician and dentist preceptors and $750 per rotation for advanced practice registered nurse and physician assistant preceptors, replacing the previous tiered structure that paid less for the first three rotations
- Establishes an aggregate annual cap of $6 million on total tax credits allowed under this program beginning January 1, 2025, while maintaining the existing limit of ten preceptorship rotations per individual per calendar year
- Extends the sunset date for the tax credit from December 31, 2026, to December 31, 2029
- Becomes effective January 1, 2025, and applies to all taxable years beginning on or after that date
Legislative Description
Revenue and taxation; certain medical preceptor rotations; revise tax credit
Last Action
Senate Committee Favorably Reported By Substitute
3/20/2024
Committee Referrals
Finance3/2/2023
Ways and Means2/9/2023
Full Bill Text
No bill text available