MD HB595

Expands eligibility for the physician preceptor tax credit by removing the requirement that medical students be enrolled in Maryland-based medical schools or training programs, allowing preceptors working with students from any LCME-accredited school to qualify

Reduces the required hours for each preceptor rotation from 100 hours to 90 hours of community-based clinical training, with a minimum of three rotations still required

Maintains the existing credit structure of $1,000 per student rotation, with a maximum individual credit of $10,000 per year and total annual program cap of $100,000

Limits the aggregate amount of unused tax credits that can be carried forward from prior years to $100,000, preventing unlimited accumulation of rollover credits

Takes effect July 1, 2026, applicable to taxable years beginning after December 31, 2025