MS SB2153

Physicians not primarily employed by academic medical centers who train family medicine residents in ACGME or AOA-accredited programs receive a $500 income tax credit per resident per clinical rotation, capped at $3,000 annually.

Residency programs allocate the tax credit for each clinical rotation, with verification by the Office of Mississippi Physician Workforce.

Excess tax credits that exceed annual tax liability are non-refundable and cannot be carried forward to future tax years.

Office of Mississippi Physician Workforce gains responsibility to verify allocation of tax credits authorized under this act.

Act takes effect January 1, 2015, and is codified in Chapter 7, Title 27 of the Mississippi Code.