2023 Senate Bill 361

Individual income tax: credit; credit for certain advanced practice registered nurses 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 advanced practice registered nurses serving as preceptors in clinical rotations for nursing programs in Michigan. For tax years 2023 through 2027, eligible preceptors can claim a $1,000 credit for every 250 hours of service, up to a maximum of $5,000 annually. The credit is available only if the preceptor does not receive any other compensation for these services and submits required documentation with their tax return.

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