Full Text of HB2941 103rd General Assembly
HB2941 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB2941 Introduced 2/16/2023, by Rep. Ryan Spain SYNOPSIS AS INTRODUCED: |
| |
Amends the Illinois Income Tax Act. Creates an income tax credit for community based faculty preceptors. Sets forth the amount of the credit. Effective immediately.
|
| |
| | A BILL FOR |
|
| | | HB2941 | | LRB103 29707 HLH 56112 b |
|
| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Income Tax Act is amended by | 5 | | adding Section 234 as follows: | 6 | | (35 ILCS 5/234 new) | 7 | | Sec. 234. Preceptor credit. | 8 | | (a) As used in this Section: | 9 | | Advanced practice registered nurse student" means an | 10 | | individual participating in a training program in this State | 11 | | that is accredited by a nationally recognized accrediting body | 12 | | for advanced practice registered nursing programs for the | 13 | | training of individuals to become advanced practice registered | 14 | | nurses as defined in the Nurse Practice Act. | 15 | | "Community based faculty preceptor" means an individual | 16 | | who is a physician licensed to practice medicine in all its | 17 | | branches, an advanced practice registered nurse licensed under | 18 | | the Nurse Practice Act, or a physician assistant who is | 19 | | licensed as such by the State. | 20 | | "Medical student" means an individual participating in a | 21 | | training program in this State that is approved by the | 22 | | Illinois Medical Board for the training of doctors of medicine | 23 | | or doctors of osteopathic medicine. |
| | | HB2941 | - 2 - | LRB103 29707 HLH 56112 b |
|
| 1 | | "Physician assistant student" means an individual | 2 | | participating in a training program in this state that is | 3 | | approved by the Illinois Department of Financial and | 4 | | Professional Regulation for the training of individuals to | 5 | | become physician assistants. | 6 | | "Preceptorship rotation" means a period of preceptorship | 7 | | training of one or more medical students, physician assistant | 8 | | students, or advanced practice registered nurse students that, | 9 | | in aggregate, totals the number of hours per rotation | 10 | | necessitated by the statute, rule, or accrediting body | 11 | | governing the student's program rotations. | 12 | | "Preceptorship training" means uncompensated community | 13 | | based training of a medical student, advanced practice | 14 | | registered nurse student, or physician assistant student | 15 | | matriculating in a training program in Illinois. | 16 | | (b) For taxable years beginning on or after January 1, | 17 | | 2024, each community based faculty preceptor shall be allowed | 18 | | a credit against the tax imposed by subsections (a) and (b) of | 19 | | Section 201 if he or she conducts a preceptorship rotation | 20 | | during the taxable year. Such credit shall be accrued on a per | 21 | | preceptorship rotation basis. The amount of the credit shall | 22 | | be as following: | 23 | | (1) if the community based faculty preceptor is a | 24 | | physician, then $500 for the first, second, or third | 25 | | preceptorship rotation completed during the calendar year | 26 | | and $1,000 for the fourth, fifth, sixth, seventh, eighth, |
| | | HB2941 | - 3 - | LRB103 29707 HLH 56112 b |
|
| 1 | | ninth, or tenth preceptorship rotations completed during | 2 | | the calendar year; or | 3 | | (2) if the community based faculty preceptor is an | 4 | | advanced practice registered nurse, then $375 for the | 5 | | first, second, or third preceptorship rotation completed | 6 | | during the calendar year and $750 for the fourth, fifth, | 7 | | sixth, seventh, eighth, ninth, or tenth preceptorship | 8 | | rotations completed during the calendar year. | 9 | | An individual shall not accrue credit for more than 10 | 10 | | preceptorship rotations in one calendar year. | 11 | | (c) A community based faculty preceptor shall not be | 12 | | eligible to earn hours credited toward preceptorship training | 13 | | if he or she has not registered with the Illinois Area Health | 14 | | Education Centers in Rockford, Illinois. | 15 | | (d) To receive the credit allowed by this Section, a | 16 | | community based faculty preceptor shall claim the credit on | 17 | | his or her return for the tax year in which he or she completed | 18 | | the preceptorship rotation, shall certify that he or she did | 19 | | not receive payment during the tax year from any source for the | 20 | | training of a medical student, advanced practice registered | 21 | | nurse student, or physician assistant student if she received | 22 | | a credit for a preceptorship rotation with respect to that | 23 | | student, and shall submit supporting documentation as | 24 | | prescribed by the Secretary of Financial and Professional | 25 | | Regulation. | 26 | | (e) In no event shall the total amount of the tax credit |
| | | HB2941 | - 4 - | LRB103 29707 HLH 56112 b |
|
| 1 | | under this Section for a taxable year exceed the taxpayer's | 2 | | income tax liability. No such tax credit shall be allowed the | 3 | | taxpayer against prior or succeeding years' tax liability. | 4 | | (f) The Department shall issue a report to the Governor | 5 | | and the General Assembly an annual report concerning the tax | 6 | | credit created by this Section. The report shall include, for | 7 | | the prior calendar year: | 8 | | (1) the number of community based faculty preceptors | 9 | | claiming a credit;
| 10 | | Section 99. Effective date. This Act takes effect upon | 11 | | becoming law.
|
|