Stricken language would be deleted from and underlined language would be added to present law.
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State of Arkansas As Engrossed: H3/13/23 1
94th General Assembly A Bill 2
Regular Session, 2023 HOUSE BILL 1422 3
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By: Representative L. Johnson 5
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For An Act To Be Entitled 7
AN ACT TO AMEND STAT E INCOME TAX LAWS; T O ENACT THE 8
PRECEPTOR TAX INCENT IVE PROGRAM; TO PROV IDE 9
INCENTIVES FOR CERTA IN MEDICAL OR COUNSE LING 10
PROFESSIONALS TO TRA IN CERTAIN STUDENTS WHO ARE 11
LEARNING TO BECOME M EDICAL OR COUNSELING 12
PROFESSIONALS; AND FOR OT HER PURPOSES. 13
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Subtitle 16
TO ENACT THE PRECEPTOR TAX INCENTIVE 17
PROGRAM; AND TO PROVIDE INCENTIVES FOR 18
CERTAIN MEDICAL OR COUNSELING 19
PROFESSIONALS TO TRAIN STUDENTS WHO ARE 20
LEARNING TO BECOME MEDICAL OR COUNSELING 21
PROFESSIONALS. 22
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 25
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SECTION 1. Arkansas Code Title 26, Chapter 51, is amended to add an 27
additional subchapter to read as follows: 28
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Subchapter 29 — Preceptor Tax Incentive Program 30
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26-51-2901. Definitions. 32
As used in this subchapter: 33
(1) "Counseling student" means on individual who is 34
participating in a training program in this state that is accredited by a 35
nationally recognized accrediting body for training a student to become a 36 As Engrossed: H3/13/23 HB1422
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licensed professional counselor, licensed associate counselor, or licensed 1
marriage and family therapist under § 17 -27-101 et seq.; 2
(2) "Faculty preceptor" means an individual who is licensed as 3
a: 4
(A) Physician licensed under the Arkansas Medical 5
Practices Act, 17-95-401 et seq.; 6
(B) Registered nurse, advanced practice registered nurse, 7
or registered nurse practitioner under § 17 -87-301 et seq.; 8
(C) Physician assistant licensed under § 17 -105-101 et 9
seq.; or 10
(D) A licensed professional counselor, licensed associate 11
counselor, or licensed marriage and family therapist by the Arkansas Board of 12
Examiners in Counseling under § 17 -27-101 et seq.; 13
(3) "Medical student" means an individual participating in a 14
training program in this state that is approved by the Arkansas State Medical 15
Board for the training of physicians; 16
(4) "Nursing student" means an individual participating in a 17
training program in this state that is accredited by a nationally recognized 18
accrediting body for training a student to become a registered nurse, 19
advanced practice registered nurse, or registered nurse practitioner under § 20
17-87-101 et seq.; 21
(5) "Physician" means an individual licensed to practice 22
medicine under the Arkansas Medical Practices Act, § 17 -95-201 et seq.; 23
(6) "Physician assistant student" means an individual 24
participating in a training program in this state that is approved by the 25
Arkansas State Medical Board for the training of individuals to become 26
physician assistants as defined in § 17 -105-101 et seq.; 27
(7) "Preceptorship rotation" means a period of preceptorship 28
training of one or more medical students, physician assistant students, 29
counseling students, or nursing students that in aggregate totals at least 30
one hundred sixty (160) hours; and 31
(8) "Preceptorship training" means community based training of a 32
medical student, counseling student, nursing student, or physician assistant 33
student who has matriculated at a training program in Arkansas. 34
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26-51-2902. Uncompensated faculty preceptor. 36 As Engrossed: H3/13/23 HB1422
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(a) As used in this section, "uncompensated faculty preceptor" means 1
the faculty preceptor who: 2
(1) Provides a preceptorship rotation; and 3
(2) Does not receive any kind of financial remuneration from any 4
party for conducting the preceptorship rotation. 5
(b)(1) An uncompensated faculty preceptor is allowed an income tax 6
credit against the income tax imposed by this chapter in the amount 7
determined under subsection (c) of this section for wages he or she receives 8
as a physician, licensed professional couns elor, licensed associate 9
counselor, licensed marriage and family therapist, professional nurse, 10
advanced practice registered nurse, registered nurse practitioner, or 11
physician assistant. 12
(2) If the amount of the income tax credit allowed under this 13
section exceeds the taxpayer's income -tax liability, the excess shall not be 14
refunded to the taxpayer. 15
(c)(1) The amount of the tax credit allowed under subsection (b) of 16
this section is one thousand dollars ($1,000) per student who participated in 17
the preceptor training during the calendar year. 18
(2) The taxpayer shall not claim more than ten thousand dollars 19
($10,000) per year in income tax credits under this section. 20
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26-51-2903. Compensated faculty preceptor . 22
(a) As used in this section, "compensa ted faculty preceptor" means a 23
faculty preceptor who: 24
(1) Provides a preceptorship rotation; and 25
(2) Receives payment as an independent contractor as 26
compensation for conducting the preceptorship rotation paid for by the school 27
at which the medical student, nursing student, counseling student, or 28
physician assistant student has matriculated. 29
(b)(1) A compensated faculty preceptor is allowed an income tax credit 30
against the income tax imposed by this chapter in the amount determined under 31
subsection (c) of this section for payments he or she receives as an 32
independent contractor for conducting the preceptor training. 33
(2) If the amount of the income tax credit allowed under this 34
section exceeds the taxpayer's income -tax liability, the excess shall not be 35
refunded to the taxpayer. 36 As Engrossed: H3/13/23 HB1422
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(c) Amount of the tax credit allowed under subsection (b) of this 1
section is equal to the amount the taxpayer received as compensation for 2
conducting the preceptor training, not to exceed six thousand dollars 3
($6,000) per taxpayer. 4
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SECTION 2. Section 1 of this act is effective for tax years beginning 6
on or after January 1, 2023. 7
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/s/L. Johnson 9
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