MI SB0999

Allows taxpayers who serve as preceptors for medical school or physician assistant program clinical rotations at Michigan health care sites to claim a tax credit of $1,000 for every 250 hours completed, up to $5,000 per tax year for tax years 2022-2026.

Requires preceptors to submit a certified written statement confirming they received no payment for preceptor services and provide supporting documentation of hours in the form prescribed by the Department of Treasury.

Credits exceeding the taxpayer's tax liability for the year are refunded to the taxpayer.

Defines key terms including "institution of higher education," "medical school-required clinical rotation," "physician," "physician's assistant," and "preceptor" with references to the Public Health Code and state constitution.

Takes effect only if Senate Bill No. 998 of the 101st Legislature is enacted into law.