HF 157: Creating a nurse preceptor tax credit available against the individual income tax, and including applicability provisions

What it does

This bill creates a nurse preceptor tax credit available against the individual income tax. The bill defines “nurse preceptor” to mean a licensed nurse under Code chapter 152 or 152E who supervises nursing students during clinical rotations. The amount of the credit shall equal $1,000 per tax year. The credit is nonrefundable but any excess may be carried forward for up to five tax years. The bill requires the department of revenue to adopt rules to administer the tax credit including establishing the number of hours an individual must work as a preceptor in order to qualify for the tax credit. The bill applies to tax years beginning on or after January 1, 2024.

House subcommittee · named February 8, 2023

• Rep. Brent Siegrist (R) · brent.siegrist@legis.iowa.gov
• Rep. Brian Best (R)
• Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 12 for, 1 against

For: Broadlawns Medical Center; Des Moines University; Genesis Health System; Iowa Affiliate of the American College of Nurse-Midwives; Iowa Association of Independent Colleges and Universities; Iowa Chapter of the National Association of Pediatric Nurse Practitioners; Iowa Health Care Association; Iowa Hospital Association; Iowa Nurse Practitioners Society; Iowa Nurses Association; MercyOne; UnityPoint Health

Against: Common Good Iowa

In plain words

1. January 30, 2023Filed in the House and sent to the Ways and Means committee
2. February 8, 2023House subcommittee named: Siegrist, Best and Wilson
3. February 14, 2023Subcommittee recommended passing it