SF 139

as introduced - 90th Legislature (2017 - 2018) Posted on 01/18/2017 08:39am

A bill for an act
relating to taxation; individual income; establishing a temporary preceptor credit;
requiring a report.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. PRECEPTOR CREDIT.

Subdivision 1.

Credit allowed.

(a) An individual who qualifies as a preceptor under
this section is allowed a credit against the tax imposed by Minnesota Statutes, chapter 290,
equal to $5,000.

(b) For purposes of this section, a "preceptor" means a physician, advanced practice
registered nurse, physician assistant, or mental health professional who:

(1) served as a health professions student preceptor or medical resident preceptor for at
least 12 weeks or 480 hours during the preceding tax year; and

(2) received no additional compensation for serving as a preceptor to a medical resident
or medical student, advanced practice registered nurse, physician assistant, or mental health
professional student.

(c) For a nonresident or part-year resident taxpayer, the credit must be allocated based
on the percentage calculated under Minnesota Statutes, section 290.06, subdivision 2c,
paragraph (e).

(d) The commissioner of revenue, in consultation with the commissioner of health, shall
prescribe the form and manner in which the credit must be claimed.

Subd. 2.

Appropriation.

An amount sufficient to pay the refunds required by this section
is appropriated to the commissioner from the general fund.

Subd. 3.

Report.

(a) By March 1, 2021, the commissioner of revenue, in consultation
with the commissioner of health, shall issue a report to the chairs and ranking minority
members of the committees of the house of representatives and senate with jurisdiction over
taxes, higher education, and health and human services detailing:

(1) the number of preceptors claiming the credit;

(2) the average amount of credits claimed;

(3) the geographical distribution by county of the location of the preceptor's services;

(4) the professions of the preceptor and the students served by the preceptor; and

(5) the impact of the tax credit on the availability of preceptors in Minnesota.

(b) The report required under this subdivision must comply with Minnesota Statutes,
sections 3.195 and 3.197.

EFFECTIVE DATE.

This section is effective for taxable years beginning after December
31, 2016, and before January 1, 2020.