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FISCAL NOTE
House Bill 133
Committee: Ways & Means - Education Sponsor: Representative Neil Rafferty
Analyst: Tiffany Weaver Date: 04/03/2023
House Bill 133 as introduced would decrease income tax receipts to the Education Trust Fund
(ETF) by an estimated $780,000 annually by allowing certain preceptors to claim an income tax
credit of either $425 or $500 per rotation, capped at $5,100 or $6,000 respectively annually per
preceptor, dependent on the type of preceptor. This bill would also increase the administrative
obligations of the Alabama Statewide Area Health Education Center (AHEC) Program Office
housed at the University of Alabama-Birmingham to administer the preceptor tax incentive
program created by this bill.
Pursuant to the provisions of the ETF Rolling Reserve Act contained in Section 29-9-3(b)(3),
Code of Alabama 1975, the provisions of this bill will reduce the ETF fiscal year appropriation
cap for fiscal year 2024 by $780,000.