HB2374 103RD GENERAL ASSEMBLY

LRB103 30009 HLH 56429 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2374

Introduced 2/14/2023, by Rep. Natalie A. Manley

SYNOPSIS AS INTRODUCED:

35 ILCS 5/234 new

Amends the Illinois Income Tax Act. Creates an income tax credit for each advanced practice registered nurse licensed under the Nurse Practice Act who volunteers during the taxable year to serve as a preceptor for at least one student from an approved advanced practice nursing education program in Illinois. 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. Clinical preceptor credit.

(a) For taxable years beginning on or after January 1, 2024, each advanced practice registered nurse licensed under the Nurse Practice Act who volunteers, without pay, during the taxable year to serve as a preceptor for at least one student from an approved advanced practice nursing education program in Illinois is entitled to a credit against the taxes imposed by subsections (a) and (b) of Section 201 in the amount of $200 per qualifying student per clinical week, but not to exceed $6,400 per taxpayer in any tax year. An advanced practice registered nurse may claim a credit for a qualifying student under this Section in a taxable year only if that qualifying student has not been claimed by another taxpayer in that taxable year.

(b) In no event shall a credit under this Section reduce a taxpayer's liability to less than zero.

(c) As used in this Section:

"Clinical week" means one week of supervision and instruction of the qualifying student based on a minimum eight-week rotation.

"Preceptor" means an advanced practice registered nurse licensed under the Nurse Practice Act who provides uncompensated supervision and instruction during the student-required clinical training rotation weeks within a calendar year to enable the student to obtain an eligible degree and who provides that supervision and instruction to the same student for a minimum of 8 clinical weeks within a calendar year.

"Qualifying student" means a student enrolled in an approved advanced practice nursing education program in Illinois.

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