Bill Text: IA HF157 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act creating a nurse preceptor tax credit available against the individual income tax, and including applicability provisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-02-14 - Subcommittee recommends passage. Vote Total: 3-0. [HF157 Detail]
Download: Iowa-2023-HF157-Introduced.html
House
File
157
-
Introduced
HOUSE
FILE
157
BY
BOSSMAN
A
BILL
FOR
An
Act
creating
a
nurse
preceptor
tax
credit
available
against
1
the
individual
income
tax,
and
including
applicability
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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157
Section
1.
NEW
SECTION
.
422.12P
Nurse
preceptor
tax
credit.
1
1.
As
used
in
this
section,
“nurse
preceptor”
means
a
2
licensed
nurse
under
chapter
152
or
152E
who
supervises
nursing
3
students
during
clinical
rotations
in
the
tax
year.
4
2.
The
taxes
imposed
under
this
subchapter,
less
the
credits
5
allowed
under
section
422.12,
shall
be
reduced
by
a
nurse
6
preceptor
tax
credit
equal
to
one
thousand
dollars.
7
3.
Any
credit
in
excess
of
the
tax
liability
is
not
8
refundable
but
the
excess
for
the
tax
year
may
be
credited
9
to
the
tax
liability
for
the
following
five
years
or
until
10
depleted,
whichever
is
earlier.
11
4.
The
department
shall
adopt
rules
pursuant
to
chapter
17A
12
to
administer
this
section
including
establishing
the
number
13
of
hours
an
individual
must
work
as
a
preceptor
in
order
to
14
qualify
for
the
tax
credit.
15
Sec.
2.
APPLICABILITY.
This
Act
applies
to
tax
years
16
beginning
on
or
after
January
1,
2024.
17
EXPLANATION
18
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
19
the
explanation’s
substance
by
the
members
of
the
general
assembly.
20
This
bill
creates
a
nurse
preceptor
tax
credit
available
21
against
the
individual
income
tax.
22
The
bill
defines
“nurse
preceptor”
to
mean
a
licensed
nurse
23
under
Code
chapter
152
or
152E
who
supervises
nursing
students
24
during
clinical
rotations.
25
The
amount
of
the
credit
shall
equal
$1,000
per
tax
year.
26
The
credit
is
nonrefundable
but
any
excess
may
be
carried
27
forward
for
up
to
five
tax
years.
28
The
bill
requires
the
department
of
revenue
to
adopt
rules
29
to
administer
the
tax
credit
including
establishing
the
number
30
of
hours
an
individual
must
work
as
a
preceptor
in
order
to
31
qualify
for
the
tax
credit.
32
The
bill
applies
to
tax
years
beginning
on
or
after
January
33
1,
2024.
34
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