MS SB2059

Allows physicians with unpaid faculty appointments at accredited Mississippi medical schools to claim a $1,000 income tax credit per month of clinical instruction provided to graduate-level medical students.

Defines qualifying "preceptorship" as a mentoring experience providing personalized instruction, training, and supervision representing a full one-month clinical rotation (minimum 160 hours) in fields including family medicine, internal medicine, pediatrics, obstetrics/gynecology, emergency medicine, psychiatry, or surgery.

Limits each physician to providing between one and ten preceptorships annually to qualify for the credit.

Requires the medical institution to certify to the Department of Revenue that the physician meets qualification requirements and to provide the physician a copy of certification for inclusion with their tax return.

Takes effect January 1, 2016.