IA HF327

Creates a $1,000 individual income tax credit for advanced registered nurse practitioners who provide uncompensated clinical preceptorship supervision to nursing students for at least 100 hours, with a maximum credit of $2,000 per year

Requires preceptors to be Iowa residents, licensed as registered nurses under Chapter 152 or 152E, licensed as advanced registered nurse practitioners, employed at the clinical facility, and have at least one year of preceptor experience

Makes the tax credit refundable, with taxpayers able to elect to apply any excess credit to the following tax year's liability instead of receiving a refund

Requires preceptors to document student names, nursing program names, dates and times of supervision, and expected graduation years

Mandates the Department of Revenue submit annual reports to the General Assembly beginning November 1, 2028, detailing credit amounts claimed, locations of preceptorships, number of students supervised, and hours provided; applies to tax years beginning on or after January 1, 2026