S.4034

Appropriates $10 million for nurse preceptor tax credits in New Jersey.

This bill establishes a gross income tax credit for preceptors of advanced practice nursing, certified nurse midwife, or certified registered nurse anesthetist students in New Jersey. The tax credit is equal to $1,000 per student primarily supervised by the preceptor, provided the preceptor supervises the student for at least 100 clinical hours during the taxable year. The tax credit program is limited to $10 million annually. The certification form required for the tax credit must be submitted to the Division of Taxation in the Department of the Treasury for approval.