HI HB1967

Creates a healthcare preceptor tax credit of $1,000 per volunteer-based supervised clinical training rotation, with an annual cap of $5,000 per taxpayer.

Allows licensed physicians, advanced practice registered nurses, dentists, pharmacists, psychologists, physical therapists, and social workers to claim the credit for uncompensated supervision of eligible students in medicine, nursing, dentistry, pharmacy, psychology, social work, and physical therapy assistant programs.

Establishes the Preceptor Credit Assurance Committee within the Department of Health to verify preceptor eligibility, document supervised training hours (minimum 80 hours annually), and issue certificates authorizing tax credits on a first-come, first-served basis up to $2,000,000 annually.

Allows unused credits to carry forward to subsequent tax years and requires all claims to be filed within twelve months after the close of the taxable year or the right to claim is forfeited.

Requires the Department of Health to report to the legislature by June 30, 2024, on the tax credit's efficacy and recommend whether it should be retained or repealed; credits apply to taxable years beginning after December 31, 2018.