Bills › 90th General Assembly
Creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions
Topics:Taxes
Where it is now
- Done: IntroducedJanuary 9, 2024
- Done: SubcommitteeJanuary 24, 2024
- 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 General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill creates an advanced registered nurse practitioner preceptor tax credit available against the individual income tax. The bill defines preceptor to mean an advanced registered nurse practitioner who is currently licensed as a registered nurse under Code chapter 152 or Code chapter 152E, and who is licensed by the board as an advanced registered nurse practitioner. The bill defines clinical preceptorship to mean a mentoring experience under the direction of a nursing program where a preceptor is used to provide a clinical learning experience for a student who is a resident enrolled in the nursing program.
Read the full explanation
In order to be eligible for the tax credit under the bill, a preceptor must provide uncompensated instruction and supervision during a clinical preceptorship, be employed at the clinical facility where the preceptorship occurs, be selected by the nursing program in collaboration with the clinical facility to participate in the clinical preceptorship, and have at least one year of experience in the preceptor role. The amount of the tax credit equals $500 per clinical preceptorship where at least 100 hours of clinical learning experience is provided, not to exceed $2,000 in the aggregate. Any credit in excess of the tax liability is not refundable and shall not be credited to a following tax year or carried back to a previous tax year. The bill requires the preceptor to accurately document the student’s experience including the name of the student, the name of the nursing program, the hours of supervision, and the year of the student’s expected graduation. The department of revenue is required to adopt rules to administer the bill. The bill applies to tax years beginning on or after January 1, 2025.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named January 24, 2024. On February 6, 2024 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
Fiscal note
Cost: up to $48,000 Compare with other bills
9 million annually beginning in FY 2026. The Bill will also decrease the income surtax to local governments by $48,000 annually beginning in FY 2026.
- Nurse Preceptor Tax Credit · March 11, 2024
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Creates§422.12F
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
15 for · 0 against · 5 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
90th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.
Similar bills
- HF 111 Creating an advanced registered nurse practitioner preceptor tax credit available against …91st General Assembly · In committeeNearly identical
- HF 327 Creating an advanced registered nurse practitioner preceptor tax credit available against …91st General Assembly · Subcommittee recommends passageVery similar
Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.