HB2941 103RD GENERAL ASSEMBLY

LRB103 29707 HLH 56112 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2941

Introduced 2/16/2023, by Rep. Ryan Spain

SYNOPSIS AS INTRODUCED:

35 ILCS 5/234 new

Amends the Illinois Income Tax Act. Creates an income tax credit for community based faculty preceptors. Sets forth the amount of the credit. Effective immediately.

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 234 as follows:

(35 ILCS 5/234 new)

Sec. 234. Preceptor credit.

(a) As used in this Section:

Advanced practice registered nurse student" means an individual participating in a training program in this State that is accredited by a nationally recognized accrediting body for advanced practice registered nursing programs for the training of individuals to become advanced practice registered nurses as defined in the Nurse Practice Act.

"Community based faculty preceptor" means an individual who is a physician licensed to practice medicine in all its branches, an advanced practice registered nurse licensed under the Nurse Practice Act, or a physician assistant who is licensed as such by the State.

"Medical student" means an individual participating in a training program in this State that is approved by the Illinois Medical Board for the training of doctors of medicine or doctors of osteopathic medicine.

"Physician assistant student" means an individual participating in a training program in this state that is approved by the Illinois Department of Financial and Professional Regulation for the training of individuals to become physician assistants.

"Preceptorship rotation" means a period of preceptorship training of one or more medical students, physician assistant students, or advanced practice registered nurse students that, in aggregate, totals the number of hours per rotation necessitated by the statute, rule, or accrediting body governing the student's program rotations.

"Preceptorship training" means uncompensated community based training of a medical student, advanced practice registered nurse student, or physician assistant student matriculating in a training program in Illinois.

(b) For taxable years beginning on or after January 1, 2024, each community based faculty preceptor shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 if he or she conducts a preceptorship rotation during the taxable year. Such credit shall be accrued on a per preceptorship rotation basis. The amount of the credit shall be as following:

(1) if the community based faculty preceptor is a physician, then $500 for the first, second, or third preceptorship rotation completed during the calendar year and $1,000 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotations completed during the calendar year; or

(2) if the community based faculty preceptor is an advanced practice registered nurse, then $375 for the first, second, or third preceptorship rotation completed during the calendar year and $750 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotations completed during the calendar year.

An individual shall not accrue credit for more than 10 preceptorship rotations in one calendar year.

(c) A community based faculty preceptor shall not be eligible to earn hours credited toward preceptorship training if he or she has not registered with the Illinois Area Health Education Centers in Rockford, Illinois.

(d) To receive the credit allowed by this Section, a community based faculty preceptor shall claim the credit on his or her return for the tax year in which he or she completed the preceptorship rotation, shall certify that he or she did not receive payment during the tax year from any source for the training of a medical student, advanced practice registered nurse student, or physician assistant student if she received a credit for a preceptorship rotation with respect to that student, and shall submit supporting documentation as prescribed by the Secretary of Financial and Professional Regulation.

(e) In no event shall the total amount of the tax credit under this Section for a taxable year exceed the taxpayer's income tax liability. No such tax credit shall be allowed the taxpayer against prior or succeeding years' tax liability.

(f) The Department shall issue a report to the Governor and the General Assembly an annual report concerning the tax credit created by this Section. The report shall include, for the prior calendar year:

(1) the number of community based faculty preceptors claiming a credit;

Section 99. Effective date. This Act takes effect upon becoming law.