MS HB1748

Physicians with faculty appointments at accredited Mississippi medical schools who provide unpaid clinical instruction qualify for a $1,000 income tax credit per month of instruction.

Eligible preceptorships must be approximately one month in duration (minimum 160 hours) in specified medical fields including family medicine, internal medicine, pediatrics, obstetrics and gynecology, emergency medicine, psychiatry, or surgery.

Preceptors may provide between 1 and 10 preceptorships per tax year to students at institutions accredited by the Liaison Committee on Medical Education or the American Osteopathic Association Commission on Osteopathic College Accreditation.

The medical institution administers the program and certifies qualified preceptors and their creditable months to the Department of Revenue, with taxpayers required to include certification with their income tax returns.

The tax credit becomes effective January 1, 2016.