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REFERENCE TITLE: medical preceptors; income tax credit |
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State of Arizona House of Representatives Fifty-third Legislature First Regular Session 2017
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HB 2137 |
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Introduced by Representative Carter
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AN ACT
Amending section 43-222, Arizona Revised Statutes; amending title 43, chapter 10, article 5, Arizona Revised Statutes, by adding section 43‑1075; amending title 43, chapter 11, article 6, Arizona Revised Statutes, by adding section 43-1163; relating to income tax credits.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 43-222, Arizona Revised Statutes, is amended to read:
43-222. Income tax credit review schedule
The joint legislative income tax credit review committee shall review the following income tax credits:
1. For years ending in 0 and 5, sections 43‑1079.01, 43‑1087, 43‑1088, 43‑1089.04, 43‑1167.01 and 43‑1175.
2. For years ending in 1 and 6, sections 43‑1074.02, 43‑1083, 43‑1083.02, 43‑1085.01, 43‑1164.02, 43-1164.03 and 43‑1183.
3. For years ending in 2 and 7, sections 43‑1073, 43-1075, 43‑1079, 43‑1080, 43‑1085, 43‑1086, 43‑1089, 43‑1089.01, 43‑1089.02, 43-1089.03, 43‑1090, 43-1163, 43‑1164, 43‑1167, 43‑1169, 43‑1176 and 43‑1181.
4. For years ending in 3 and 8, sections 43‑1074.01, 43‑1081, 43‑1168, 43‑1170 and 43‑1178.
5. For years ending in 4 and 9, sections 43‑1076, 43‑1076.01, 43‑1081.01, 43‑1083.01, 43‑1083.04, 43‑1084, 43‑1162, 43‑1162.01, 43‑1164.01, 43‑1164.05, 43‑1170.01 and 43-1184 and, beginning in 2019, sections 43‑1083.03 and 43‑1164.04.
Sec. 2. Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1075, to read:
43-1075. Credit for medical preceptors; definitions
A. Subject to the limitations prescribed by this section, for taxable years beginning from and after December 31, 2017, a credit is allowed against the taxes imposed by this title for a preceptorship provided by a taxpayer who is a medical preceptor during the taxable year.
B. The amount of the credit is one hundred dollars for each preceptorship undertaken by the taxpayer, but not exceeding an aggregate amount of one thousand dollars in any taxable year regardless of the number of preceptorships undertaken by the taxpayer or the number of students the taxpayer instructs, trains or supervises during the taxable year.
C. To qualify for the purposes of this section:
1. A preceptorship must continue for at least four consecutive weeks during the taxable year.
2. The medical preceptor must instruct, train or supervise each eligible student in the taxpayer's primary health care field during the course of the preceptorship.
3. The medical preceptor must:
(a) Obtain a letter from the medical school in which each student is enrolled certifying that the preceptor and preceptorship qualify for the purposes of enabling the student to obtain an eligible professional degree.
(b) Submit a copy of each letter of certification with the income tax return.
D. The department may not allow tax credits under this section and section 43‑1163 that exceed in the aggregate a combined total of one hundred thousand dollars in any fiscal year. A taxpayer who intends to claim a preceptorship credit must apply to the department for preapproval of each credit in a written or electronic form prescribed by the department. Within twenty days after receiving an application for preapproval, the department must preapprove the requested amount or deny the credit, but only if it would exceed the aggregate dollar limit prescribed by this section.
E. For the purposes of this section:
1. "Eligible student" or "student" means an individual who is matriculating at the graduate level at an accredited institution of higher education in this state and who is seeking a degree in the area of doctor of medicine or doctor of osteopathic medicine.
2. "Medical preceptor" or "preceptor" means a medical doctor or doctor of osteopathic medicine who is licensed in this state and who maintains an active practice in this state in the field of obstetrics, gynecology, family practice, pediatrics or internal medicine.
3. "Preceptorship" means a mentoring experience in which a preceptor provides a program of personalized instruction, training and supervision to an eligible student to enable the student to obtain a professional degree.
Sec. 3. Title 43, chapter 11, article 6, Arizona Revised Statutes, is amended by adding section 43-1163, to read:
43-1163. Credit for medical preceptors; definitions
A. Subject to the limitations prescribed by this section and section 43-1075, subsection D, for taxable years beginning from and after December 31, 2017, a credit is allowed against the taxes imposed by this title for a preceptorship provided during the taxable year by a medical preceptor while employed by the taxpayer.
B. The amount of the credit is one hundred dollars for each preceptorship undertaken by preceptors employed by the taxpayer, but not exceeding an aggregate amount of one thousand dollars in any taxable year with respect to each preceptor employed by the taxpayer regardless of the number of preceptorships undertaken or the number of students instructed, trained or supervised during the taxable year by the preceptor.
C. To qualify for the purposes of this section:
1. A preceptorship must continue for at least four consecutive weeks during the taxable year.
2. The medical preceptor must instruct, train or supervise each eligible student in the preceptor's primary health care field during the course of the preceptorship.
3. The medical preceptor must obtain a letter from the medical school in which each student is enrolled certifying that the preceptor and preceptorship qualify for the purposes of enabling the student to obtain an eligible professional degree.
4. The taxpayer must submit a copy of each letter of certification with the income tax return.
D. For the purposes of this section:
1. "Eligible student" or "student" means an individual who is matriculating at the graduate level at an accredited institution of higher education in this state and who is seeking a degree in the area of doctor of medicine or doctor of osteopathic medicine.
2. "Medical preceptor" or "preceptor" means a medical doctor or doctor of osteopathic medicine who is licensed in this state and who maintains an active practice in this state in the field of obstetrics, gynecology, family practice, pediatrics or internal medicine.
3. "Preceptorship" means a mentoring experience in which a preceptor provides a program of personalized instruction, training and supervision to an eligible student to enable the student to obtain a professional degree.
4. "Taxpayer" means a corporation that is subject to taxation pursuant to this chapter and that employs one or more medical doctors or doctors of osteopathic medicine who provide preceptorships.
Sec. 4. Purpose
Pursuant to section 43-223, Arizona Revised Statutes, the legislature enacts sections 43-1075 and 43-1163, Arizona Revised Statutes, as added by this act, to encourage preceptors to offer professional instruction, training and supervision to students matriculating at institutions of higher education in this state and seeking careers as doctors of medicine or doctors of osteopathic medicine.