House File 111 - Introduced HOUSE FILE 111 BY A. MEYER , BOSSMAN , SEXTON , BROWN-POWERS , ZABNER , LATHAM , BAGNIEWSKI , WILBURN , R. JOHNSON , BARKER , VONDRAN , BAETH , TUREK , MADISON , and GUSTOFF A BILL FOR An Act creating an advanced registered nurse practitioner 1 preceptor tax credit available against the individual income 2 tax, and including applicability provisions. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1784YH (4) 91 jm/jh
H.F. 111 Section 1. NEW SECTION . 422.12F Advanced registered nurse 1 preceptor tax credit. 2 1. As used in this section, unless the context otherwise 3 requires: 4 a. Clinical practicum means a course of study designed 5 for the preparation of becoming an advanced registered nurse 6 practitioner, involving clinical preceptorships for practical 7 application of previously studied theory. 8 b. Clinical preceptorship means a mentoring experience 9 under the direction of a nursing program where a preceptor is 10 used to provide a clinical learning experience for a student 11 enrolled in the nursing program. 12 c. Nursing program means a program approved by the board 13 of nursing pursuant to section 152.5. 14 d. Preceptor means an advanced registered nurse 15 practitioner who is currently licensed as a registered nurse 16 under chapter 152 or chapter 152E, and who is licensed by the 17 board as an advanced registered nurse practitioner. 18 e. Student means a resident enrolled in a nursing program 19 fulfilling a required clinical practicum through a clinical 20 preceptorship. 21 2. To be eligible for the tax credit under this section for 22 a tax year, a preceptor must provide uncompensated instruction 23 and supervision during the required student clinical 24 preceptorship, be employed at the clinical facility where the 25 preceptorship occurs, be qualified for the preceptor role, 26 be selected by the nursing program in collaboration with the 27 clinical facility to participate in the clinical preceptorship, 28 and have at least one year of experience in the preceptor role. 29 3. The taxes imposed under this subchapter, less credits 30 allowed under section 422.12, shall be reduced by an advanced 31 registered nurse preceptor tax credit equal to five hundred 32 dollars per clinical preceptorship where at least one hundred 33 hours of clinical learning experience is provided, not to 34 exceed two thousand dollars in the aggregate. 35 -1- LSB 1784YH (4) 91 jm/jh 1/ 3
H.F. 111 4. Any credit in excess of the tax liability is not 1 refundable and shall not be credited to a following tax year or 2 carried back to a previous tax year. 3 5. The preceptor shall be responsible for accurate 4 documentation of the students experience during the clinical 5 preceptorship including the name of the student, the name 6 of the nursing program, the dates and times instruction and 7 supervision were provided to the student, and the year of the 8 students expected graduation from the program. 9 6. The department shall adopt rules pursuant to chapter 17A 10 to administer this section. 11 Sec. 2. APPLICABILITY. This Act applies to tax years 12 beginning on or after January 1, 2026. 13 EXPLANATION 14 The inclusion of this explanation does not constitute agreement with 15 the explanations substance by the members of the general assembly. 16 This bill creates an advanced registered nurse practitioner 17 preceptor tax credit available against the individual income 18 tax. 19 The bill defines preceptor to mean an advanced registered 20 nurse practitioner who is currently licensed as a registered 21 nurse under Code chapter 152 or Code chapter 152E, and who 22 is licensed by the board as an advanced registered nurse 23 practitioner. 24 The bill defines clinical preceptorship to mean a mentoring 25 experience under the direction of a nursing program where a 26 preceptor is used to provide a clinical learning experience for 27 a student who is a resident enrolled in the nursing program. 28 In order to be eligible for the tax credit under the 29 bill, a preceptor must provide uncompensated instruction and 30 supervision during a clinical preceptorship, be employed at the 31 clinical facility where the preceptorship occurs, be selected 32 by the nursing program in collaboration with the clinical 33 facility to participate in the clinical preceptorship, and have 34 at least one year of experience in the preceptor role. 35 -2- LSB 1784YH (4) 91 jm/jh 2/ 3
H.F. 111 The amount of the tax credit equals $500 per clinical 1 preceptorship where at least 100 hours of clinical learning 2 experience is provided, not to exceed $2,000 in the aggregate. 3 Any credit in excess of the tax liability is not refundable and 4 shall not be credited to a following tax year or carried back 5 to a previous tax year. 6 The bill requires the preceptor to accurately document the 7 students experience including the name of the student, the 8 name of the nursing program, the hours of supervision, and the 9 year of the students expected graduation. 10 The department of revenue is required to adopt rules to 11 administer the bill. 12 The bill applies to tax years beginning on or after January 13 1, 2026. 14 -3- LSB 1784YH (4) 91 jm/jh 3/ 3