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To amend the Internal Revenue Code of 1986 to create a tax credit for nurse preceptors.
1/15/2025, 9:20 AM
Summary of Bill HR 392
The bill proposes a tax credit for nurse preceptors who volunteer their time to mentor and train nursing students and new nurses. This tax credit would serve as an incentive for experienced nurses to take on the important role of preceptorship, ultimately helping to address the shortage of qualified nurses in the healthcare industry.
The tax credit would be available to nurse preceptors who meet certain criteria, such as completing a preceptor training program and providing a specified number of hours of preceptorship to nursing students or new nurses. The amount of the tax credit would be determined based on the number of hours of preceptorship provided by the nurse preceptor. Overall, the Nurse Preceptor Tax Credit Act aims to support and incentivize experienced nurses to take on the crucial role of mentorship and training in order to help address the shortage of qualified nurses in the healthcare industry.
Congressional Summary of HR 392
Providing Real-world Education and Clinical Experience by Precepting Tomorrow's Nurses Act or the PRECEPT Nurses Act
This bill establishes a new, nonrefundable tax credit for eligible nurse preceptors, subject to limitations. The bill also requires the Internal Revenue Service (IRS) to report to Congress certain information about the tax credit for nurse preceptors.
Under the bill, a nonrefundable tax credit of $2,000 is allowed for an eligible nurse preceptor through 2032. An eligible nurse preceptor is defined as an individual who provides at least 200 certified hours of supervision and personalized experiential learning, training, instruction, and mentoring in the clinical practice of nursing to a nursing student, advanced practice registered nursing student, or newly hired licensed nurse in a community designated as a health professional shortage area.
The bill also requires the IRS to report to Congress
- the number of taxpayers that claim the tax credit for nurse preceptors each year and the geographic distribution of such taxpayers,
- aggregated and averaged data on the preceptorships served by taxpayers as an eligible nurse preceptor, and
- the effectiveness of the tax credit in increasing the number of nurse preceptors in the United States.
