2023 Senate Bill 360

Individual income tax: credit; credit for certain physicians and physician's assistants who serve as a preceptor; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 281.

AI Analysis – Experimental

Provides a tax credit for taxpayers serving as unpaid preceptors for medical or physician assistant students in Michigan. Eligible preceptors can claim a $1,000 credit for every 250 hours of service, up to a maximum of $5,000 per tax year, for tax years 2024 through 2028.

Introduced in the Senate

May 25, 2023

Introduced by Sens. Jeff Irwin (D-15) and Sue Shink (D-14)

Referred to the Committee on Finance, Insurance, and Consumer Protection