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Preceptor Bill

Colorado approved a Preceptor Bill that supports compensation for  healthcare preceptors.  Currently, students are required to obtain experience through clinical rotations in order to graduate from their respective programs. The Colorado AHECs actively worked with many different agencies, lobbyists, and state representatives to move this initiative forward. Learn more about the Preceptor Bill here.

Legislative Updates

Medical preceptors play a critical role in teaching new health professionals

HB19-1088 Modify Income Tax Credit Health Care Preceptors extends the existing Rural & Frontier Preceptor Tax Credit to 2022 and clarifies the length of an eligible preceptorship to 4 working weeks or 20 business days, rather than 4 calendar weeks.  The credit, which was created in 2017, provides a $1,000 individual income tax credit for primary care providers, including MDs, DOs, PAs, APNs and dentists, who provide uncompensated personalized instruction, training, and supervision to one or more graduate students seeking a medical degree at a Colorado institution of higher education. A qualifying healthcare professional must be practicing in a designated rural or frontier county and must provide a certification form with their income tax return certifying that he they  have satisfied the requirements for the tax credit. The credit is available to up to 200 qualifying taxpayers each year. In tax year 2017, 74 taxpayers claimed credits. 

HB22-1005 This bill modifies the tax credit by extending the period for which the tax credit may be claimed through 2032 and increases the number of preceptors who can claim this tax credit to 300. It expands preceptorship to include a medical doctor, doctor of osteopathic medicine, advanced practice nurse, physician assistant, doctor of dental surgery or doctor of dental medicine, registered nurse, registered dental hygienist, pharmacist, licensed clinical or counseling psychologist, licensed clinical social worker, licensed professional counselor, licensed marriage and family therapist, psychiatric nurse specialist, licensed addiction counselor, or certified addiction counselor working in an outpatient clinical setting who has been licensed in his or her primary health-care field in the state by the applicable licensing authority. It will allow nonconsecutive days to be counted when determining the eligibility of a preceptorship for the credit and modifies the definitions of "rural areas", "preceptorship", and "primary health-care" for purposes of the tax credit and the certification requirements for taxpayers who claim the tax credit.

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