Bill Text: IL HB2941 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: 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.
Spectrum: Bipartisan Bill
Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB2941 Detail]
Download: Illinois-2023-HB2941-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Income Tax Act is amended by | |||||||||||||||||||
5 | adding Section 234 as follows:
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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. |
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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, |
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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 |
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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;
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10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law.
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