A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 281.
Proposes an amendment to the Income Tax Act of 1967, specifically by adding section 281, to offer a tax credit to preceptors who provide unpaid clinical rotation supervision for medical and physician assistant students in Michigan. For tax years 2024 through 2028, eligible preceptors can claim a $1,000 credit for every 250 hours of service, up to a maximum of $5,000 per year. The credit can be claimed upon submission of a certified statement and supporting documentation verifying the unpaid service hours.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy
