24 LC 50 0820S
The Senate Committee on Finance offered the following
substitute to HB 308:
A BILL TO BE ENTITLED
AN ACT
To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to1
income taxes, so as to revise a tax credit for certain medical preceptor rotations; to add2
dentistry; to increase the value of the tax credit; to revise definitions; to provide for an3
aggregate annual cap; to extend the sunset provision for such tax credit; to provide for related4
matters; to provide for an effective date and applicability; to repeal conflicting laws; and for5
other purposes.6
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7
SECTION 1.8
Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,9
is amended by revising Code Section 48-7-29.22, relating to tax credits for certain medical10
preceptor rotations, as follows:11
"48-7-29.22.12
(a) As used in this Code section, the term:13
(1) 'Advanced practice registered nurse student' means an individual participating in a14
training program in this state that is accredited by a nationally recognized accrediting15
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body for advanced practice registered nursing programs for the training of individuals to16
become advanced practice registered nurses as defined in Code Section 43-26-3.17
(2) 'Community based faculty preceptor' means an individual who is a physician as18
defined in Code Section 43-34-21, a licensed dentist as defined in Code Section 43-11-1,19
an advanced practice registered nurse as defined in Code Section 43-26-3, or a physician20
assistant as defined in Code Section 43-34-102 and who is licensed as such by this state.21
(3) 'Medical student' means an individual participating in a training program in this state22
that is approved by the Georgia Composite Medical Board for the training of doctors of23
medicine or doctors of osteopathic medicine or by the Georgia Board of Dentistry for the24
training of dentists.25
(4) 'Physician assistant student' means an individual participating in a training program26
in this state that is approved by the Georgia Composite Medical Board for the training of27
individuals to become physician assistants as defined in Code Section 43-34-102.28
(5) 'Preceptorship rotation' means a period of preceptorship training of one or more29
medical students, physician assistant students, or advanced practice registered nurse30
students that in aggregate totals 160 hours.31
(6) 'Preceptorship training' means uncompensated community based training of a medical32
student, advanced practice registered nurse student, or physician assistant student33
matriculating in a training program in Georgia.34
(b)(1) A community based faculty preceptor shall be allowed a credit against the tax35
imposed by Code Section 48-7-20 if he or she conducts a preceptorship rotation.36
(2) Such credit shall be accrued on a per preceptorship rotation basis in the amount of37
$500.00 for the first, second, or third preceptorship rotation and $1,000.00 for the fourth,38
fifth, sixth, seventh, eighth, ninth, or tenth $1,000.00 for each preceptorship rotation39
completed in one calendar year by a community based faculty preceptor who is a40
physician as defined in Code Section 43-34-21 or a licensed dentist as defined in Code41
Section 43-11-1 and $375.00 for the first, second, or third preceptorship rotation and42
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$750.00 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth $750.00 for each43
preceptorship rotation completed in one calendar year by a community based faculty44
preceptor who is an advanced practice registered nurse as defined in Code Section45
43-26-3 or a physician assistant as defined in Code Section 43-34-102.46
(3) An individual shall not accrue credit for more than ten preceptorship rotations in one47
calendar year.48
(4) On and after January 1, 2025, the aggregate amount of tax credits allowed pursuant49
to this Code section shall not exceed $6 million for any calendar year.50
(c)(1) A community based faculty preceptor shall not be eligible to earn hours credited51
toward preceptorship training if he or she has not registered with the state-wide Area52
Health Education Centers (AHEC) Program Office at Augusta University.53
(2) The AHEC Program Office at Augusta University shall administer the Preceptor Tax54
Incentive Program established pursuant to this Code section and certify preceptorship55
rotations for the department on behalf of all eligible public and private training programs56
for medicine, osteopathic medicine, dentistry, advanced practice nursing, and physician57
assistant at institutions in this state for the department.58
(d) To receive the credit allowed by this Code section, a community based faculty59
preceptor shall claim such credit on his or her return for the tax year in which he or she60
completed the preceptorship rotation; shall certify that he or she did not receive payment61
during such tax year from any source for the training of a medical student, advanced62
practice registered nurse student, or physician assistant student; and shall submit supporting63
documentation as prescribed by the commissioner.64
(e) In no event shall the total amount of the tax credit under this Code section for a taxable65
year exceed the taxpayer's income tax liability. No such tax credit shall be allowed the66
taxpayer against prior or succeeding years' tax liability.67
(f)(1) On August 1, 2020, and annually thereafter, the commissioner and the AHEC68
Program Office at Augusta University shall issue a report to the Governor, the69
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chairperson of the Senate Finance Committee, and the chairperson of the House70
Committee on Ways and Means concerning the tax credit created by this Code section.71
(2) Such report shall include, for the prior calendar year, the:72
(A) Number of community based faculty preceptors claiming a credit;73
(B) Total number of preceptorship rotations completed;74
(C) Number of medical students, advanced practice registered nurse students, and75
physician assistant students who participated in a preceptorship rotation; and76
(D) Total amount of credits awarded pursuant to this Code section.77
(g) The commissioner shall be authorized to promulgate any rules and regulations78
necessary to implement and administer the provisions of this Code section.79
(h) This Code section shall stand repealed by operation of law at the last moment of80
December 31, 2026 2029."81
SECTION 2.82
This Act shall become effective on January 1, 2025, and shall be applicable to all taxable83
years beginning on or after January 1, 2025.84
SECTION 3.85
All laws and parts of laws in conflict with this Act are repealed.86
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