Bills › 90th General Assembly
Creating a nurse preceptor tax credit available against the individual income tax, and including applicability provisions
Where it is now
- Done: IntroducedJanuary 30, 2023
- Done: SubcommitteeFebruary 8, 2023
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Licensed nurses who supervise nursing students during their clinical training can receive a $1,000 tax credit. This credit helps lower the amount of individual income tax they owe each year. If the credit is more than what they owe, they can use the extra amount toward their taxes for up to five years.1
Read the official explanation
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. On February 14, 2023 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part