Mississippi Critical Physician, Physician Assistant and Nurse Shortage Incentive Act of 2015

• Income from medical services provided by newly licensed physicians, physician assistants, and nurses in critical physician shortage areas is exempt from state income taxation.

• The tax exemption applies for up to ten consecutive years if the healthcare professional practices in a designated shortage area for that entire period.

• Critical physician shortage areas are designated annually by December 31 by the Office of Mississippi Physician Workforce at the University of Mississippi Medical Center, based on areas with no more than one physician per 5,000 residents.

• Newly licensed professionals are defined as those licensed for less than one year (physicians who have completed postgraduate training within one year, or physician assistants and nurses licensed within one year).

• Effective date: July 1, 2015.