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

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

Sponsor
Maryland Department of Health
Deadlines
Jan 5, 2021
Contact
Purpose

Maryland Income Tax Credit for Preceptors in Areas with Health Care Workforce Shortages is a state income tax credit for individuals who have served as preceptors in underserved areas of the Maryland. Eligible preceptors can receive a tax credit certificate of $1,000 for each student whom the applicant served as a preceptor without compensation.

Eligibility

Physicians and nurse practitioners who provide preceptorship without compensation in an organized system of clinical experience for the purpose of attaining specified learning objectives are eligible to participate.

Applicants must meet the following criteria:

  • 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 160 hours (a total of 480 preceptor hours within a taxable year) for medical students and 100 hours (a total of 300 hours within a taxable year) for nurse practitioner students
  • Have a practice location in a health care workforce shortage area
Geographic coverage
Maryland
Amount of funding

$1,000 tax credit per student. Total tax credit amount an individual preceptor may receive cannot exceed $10,000 for any taxable year.

Application process

Links to additional guidance and application forms are available on the program website.

Email completed applications to mdh.providerworkforceprograms@maryland.gov​​ by January 5, 2021.

Tagged as
Nurse practitioners and other advanced practice registered nurses · Physicians · Recruitment and retention of health professionals · Maryland



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