NJ S4034

Appropriates up to $10 million from the General Fund to the Department of Treasury to fund tax credits for nurse preceptors in New Jersey

Creates a $1,000 gross income tax credit per student for preceptors who supervise advanced practice nurse, certified nurse midwife, or certified registered nurse anesthetist students for at least 100 clinical hours during the taxable year

Eligible preceptors include advanced practice nurses, certified nurse midwives, certified registered nurse anesthetists, physicians, physician assistants, and psychologists who meet New Jersey Board of Nursing qualifications

Tax credits are approved on a first-come, first-served basis with a $10 million annual cap, are non-refundable, and cannot be carried forward to future tax years

Requires certification from accredited New Jersey nursing school faculty verifying students supervised, with applications due by January 31 following the taxable year