NE LB305

Creates a nonrefundable income tax credit of $1,000 per clinical rotation for licensed physicians who serve as unpaid preceptors training medical students, with each rotation requiring at least 80 hours of clinical training

Caps the credit at $5,000 per physician per year and limits total program credits to $1 million statewide per fiscal year

Effective for taxable years beginning on or after January 1, 2026

Prioritizes credit approval for physicians who precept in rural locations (counties with fewer than 100,000 residents)

Credits cannot be transferred, sold, or assigned; physicians must apply through the Department of Revenue with an affidavit verifying uncompensated service