LB305

Nebraska LB305 proposes a tax credit for licensed physicians participating in preceptorship programs.

Nebraska LB305, the Preceptorship Tax Credit Act, introduces a nonrefundable tax credit for licensed physicians who serve as preceptors in preceptorship programs. These programs pair medical students with experienced physicians for clinical training. The credit amounts to $1,000 per rotation, with a maximum of $5,000 per physician annually. The Department of Revenue can approve up to $1 million in credits per fiscal year, prioritizing those in rural areas. The bill also includes definitions for terms like "preceptor," "preceptorship program," and "rural location.