INC TX-CLINICAL PRECEPTOR
By offering this tax credit, SB2707 is expected to have a positive impact on the cultivation of new talent within the healthcare sector in Illinois. It aims to alleviate some of the financial burdens on practitioners who take on mentoring roles, thereby encouraging more professionals to participate actively in teaching. Moreover, this could potentially elevate the quality of clinical training provided to students, as practitioners are incentivized to contribute more significantly to their educational experiences.
SB2707, introduced by Senator Dan McConchie, aims to amend the Illinois Income Tax Act by providing an income tax credit for medical professionals who serve as preceptors without compensation. Specifically, the bill targets those working in community-based practices who supervise students from qualifying institutions in Illinois. The proposed credit is structured at $200 per qualifying student per week, up to a maximum of $9,600 per taxpayer in a tax year. This initiative is intended to incentivize experienced medical professionals to engage in educational roles that support the training of future healthcare providers.
Notably, the bill may face debates about whether such tax incentives adequately address the broader challenges in healthcare education. While proponents argue that it will enhance hands-on training for students and ensure that communities have access to qualified medical professionals, opponents may question whether the focus on tax credits is sufficient to combat issues such as systemic teacher shortages in medical fields or the need for enhanced institutional support for clinical training. Such discussions may shape the legislative review process as stakeholders voice concerns about the effectiveness of tax credits versus other potential solutions.