If enacted, HB 2374 could potentially alleviate some of the financial burdens faced by APRNs who take on the responsibility of training future nurses. By providing a direct financial incentive, the bill seeks to enhance the availability of quality preceptors, which is crucial for the practical training of nursing students. The intent is to improve the overall pipeline of new nursing professionals in Illinois, particularly at a time when the healthcare sector faces staffing shortages. The proposed tax credit aligns with broader efforts to strengthen the healthcare workforce in the state.
House Bill 2374, introduced by Rep. Natalie A. Manley, amends the Illinois Income Tax Act by creating a tax credit for advanced practice registered nurses (APRNs) who serve as preceptors to students in approved advanced practice nursing education programs. The bill aims to encourage experienced nurses to volunteer their time to mentor and supervise nursing students during their clinical training. Specifically, the bill allows qualifying nurses to claim a tax credit of $200 per student per clinical week, with a maximum of $6,400 per tax year. The effective date for this tax credit is set for taxable years beginning January 1, 2024.
Critics of the bill may argue that while the intention is noble, the reliance on tax credits might not be the most effective solution to address the challenges of nursing education and workforce development. Concerns have been raised that such credits could disproportionately benefit higher income earners, thus limiting access for nurses who are in more precarious financial situations. Additionally, opponents could contend that the state should invest more directly in nursing programs and educational institutions rather than providing tax credits, which may not guarantee participation or improvement in preceptorship rates.