Illinois General Assembly - Full Text of SB3638
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Full Text of SB3638  102nd General Assembly

SB3638 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3638

 

Introduced 1/19/2022, by Sen. Dan McConchie

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/232 new

    Amends the Illinois Income Tax Act. Creates an income tax credit for an individual taxpayer who is a medical professional in a community-based practice who serves without compensation as a preceptor for at least one student from a qualifying institution in Illinois and provides clinical instruction for students from a non-Illinois based program for compensation in the same tax year. Provides that the credit shall be $200 per qualifying student per week, but not to exceed $9,600 per taxpayer in any tax year.


LRB102 23009 HLH 32163 b

 

 

A BILL FOR

 

SB3638LRB102 23009 HLH 32163 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by
5adding Section 232 as follows:
 
6    (35 ILCS 5/232 new)
7    Sec. 232. Clinical preceptor credit.
8    (a) For taxable years beginning on or after January 1,
92023, each individual taxpayer who is a medical professional
10in a community-based practice who serves without compensation
11as a preceptor for at least one student from a qualifying
12institution in Illinois and provides clinical instruction for
13students from a non-Illinois based program for compensation in
14the same tax year is eligible for a credit against the tax
15imposed by subsections (a) and (b) of Section 201 as provided
16in this Section. Only one taxpayer may claim a credit under
17this Section for serving as a preceptor for any particular
18student in any tax year. The amount of the credit shall be $200
19per qualifying student per week, but not to exceed $9,600 per
20taxpayer in any tax year.
21    (b) In no event shall a credit under this Section reduce
22the taxpayer's liability to less than zero. If the amount of
23the credit exceeds the tax liability for the year, the excess

 

 

SB3638- 2 -LRB102 23009 HLH 32163 b

1may be carried forward and applied to the tax liability of the
25 taxable years following the excess credit year. The tax
3credit shall be applied to the earliest year for which there is
4a tax liability. If there are credits for more than one year
5that are available to offset a liability, the earlier credit
6shall be applied first.
7    (c) As used in this Section:
8    "Community-based practice" means family medicine, internal
9medicine, pediatrics, obstetrics and gynecology, psychiatry,
10general surgery, and podiatric medicine.
11    "Medical professional" means a physician, physician
12assistant, advanced practice registered nurse, or podiatrist.
13    "Preceptor" means a licensed medical professional who: (i)
14provides uncompensated supervision and instruction during
15student-required clinical training rotations to enable the
16student to obtain an eligible professional degree; and (ii)
17provides a minimum of 8 required clinical rotation weeks
18within a calendar year.
19    "Qualifying institution" means a public or private
20university or college accredited through the Higher Learning
21Commission with a physical campus in the State.
22    "Qualifying student" means a student from an Illinois
23qualifying institution for whom the taxpayer serves as a
24preceptor without compensation.