MI SB0998

Establishes a tax credit for taxpayers serving as unpaid preceptors for advanced practice nursing program clinical rotations at approved Michigan health care sites for tax years 2022-2026.

Provides $1,000 credit for every 250 hours completed as a preceptor, with a maximum credit of $5,000 per tax year.

Requires taxpayers to submit certified written statement confirming they received no payment for preceptor services and supporting documentation verifying hours of participation.

Allows excess credits exceeding tax liability to be refunded to the taxpayer.

Defines key terms including "advanced practice registered nurse," "advanced practice nursing program-required clinical rotation," "institution of higher education," and "preceptor."

Takes effect only if Senate Bill No. 999 is enacted into law.