Income Tax Credit for Preceptors
This Program authorizes a credit against the State income tax for individuals who have served as a preceptor in certain preceptorship programs and work in certain areas of the State with a health care workforce shortage. Preceptorship program means an organized system of clinical experience, that, for the purpose of attaining specified learning objectives, pairs either 1) a medical student in a Maryland medical school with a licensed Physician or physician assistant who meets the qualifications as a preceptor, or 2) a Nurse Practitioner student enrolled in a nursing education program that is recognized by the State Board of Nursing with a Nurse Practitioner or licensed Physician who meets the qualifications as a preceptor.
- Physicians, Physician Assistants 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 students and nurse practitioner students.
- Practice in an area identified as having a health care workforce shortage.
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.
Where can I learn more?
Office of Workforce Development and
State Office of Rural Health Office of Population Health Improvement Maryland Department of Health