​Income Tax Credit for Preceptors in Areas with Health Care Workforce Shortages

Overview

What is Health Care Workforce Shortage Area?

• Health professional shortage area (HPSA);
  
• Medically underserved area (MUA);
  
• Medical underserved population (MUP);
  
• Federal designated rural areas;
  
• State designated rural area;
  
• State defined shortage area;
  
• Other areas defined as in need by the Secretary of MDH, Governor, or as otherwise determined by MDH in consultation with the Governor’s Workforce Development Board.​
  

Eligibility

• Physician, Physician Assistant, and Nurse Practitioners who provide preceptorship without compensation in an organized system of clinical experience for the purpose of attaining specified learning objectives.
• Be recognized as a preceptor by a liaison committee on a medical education accredited medical school or program recognized by the Board of Nursing.
• Act as a preceptor for a minimum of three rotations each consisting of 100 hours (a total of 300 preceptor hours within a taxable year) for medical, physician assistant, and nurse practitioner students.  
• Practice location in a health care workforce shortage area.

Credit Amount and Limits

• The credit certificate will be issued by MDH in the amount of $1000 for each student whom the Physician, Physician Assistant, or Nurse Practitioner acted as a preceptor without compensation.
• The tax credit amount for individual preceptor for any taxable year may not exceed $10,000.
• The total amount of income tax credit certificates in total may not exceed $100,000 for any taxable year.

Applications

Where can I learn more?