New York S 7701: Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students

Bill Text

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S07701 Summary:

BILL NOS07701 

&nbsp

SAME ASSAME AS A06460

&nbsp

SPONSORSTAVISKY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §606, Tax L

&nbsp

Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students studying to be a health care professional.

Go to top S07701 Actions:

BILL NOS07701 

&nbsp

04/30/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

05/28/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/28/2026ORDERED TO THIRD READING CAL.1369

06/01/2026PASSED SENATE

06/01/2026DELIVERED TO ASSEMBLY

06/01/2026referred to ways and means

Go to topS07701 Committee&nbspVotes:

Go to topS07701 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07701 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7701

 2025-2026 Regular Sessions

 IN SENATE

 April 30, 2025
 ___________

 Introduced by Sen. STAVISKY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Budget and Revenue

 AN ACT to amend the tax law, in relation to establishing a personal
 income tax credit for preceptor clinicians who provide preceptor
 instruction; and providing for the repeal of such provisions upon the
 expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 606 of the tax law is amended by adding a new
 2 subsection (qqq) to read as follows:
 3 (qqq) Clinical preceptorship credit. (1) General. A taxpayer who is a
 4 preceptor clinician who provides preceptor instruction as part of a
 5 clinical preceptorship shall be allowed a credit of one thousand dollars
 6 for each one hundred hours of such preceptor instruction; provided that
 7 the credit allowed pursuant to this subsection shall not exceed three
 8 thousand dollars during any taxable year.
 9 (2) Definitions. As used in this subsection:
 10 (A) The term "preceptor clinician" means a (i) physician licensed
 11 pursuant to article one hundred thirty-one of the education law, (ii)
 12 physician assistant licensed pursuant to article one hundred
 13 thirty-one-B of the education law, (iii) specialist assistant registered
 14 pursuant to article one hundred thirty-one-C of the education law, (iv)
 15 certified registered nurse anesthetist certified by the education
 16 department, (v) registered professional nurse licensed pursuant to
 17 section sixty-nine hundred five of the education law, (vi) nurse practi-
 18 tioner certified pursuant to section sixty-nine hundred ten of the
 19 education law, (vii) clinical nurse specialist certified pursuant to
 20 section sixty-nine hundred eleven of the education law, or (viii)
 21 midwife licensed pursuant to article one hundred forty of the education
 22 law, who, without the provision of any form of compensation therefor,
 23 provides a clinical preceptorship or preceptorships including, but not

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07841-01-5

 S. 7701 2

 1 limited to, both community and in-patient facilities, during the taxable
 2 year.
 3 (B) The term "clinical preceptorship" means a preceptorship for a
 4 student enrolled in a New York state based educational program approved
 5 pursuant to title eight of the education law to become a physician,
 6 physician assistant, specialist assistant, certified registered nurse
 7 anesthetist, registered professional nurse, nurse practitioner, clinical
 8 nurse specialist or midwife, and which preceptorship provides preceptor
 9 instruction in family medicine, internal medicine, pediatrics, obstet-
 10 rics and gynecology, emergency medicine, psychiatry or general surgery
 11 under the supervision of a preceptor clinician.
 12 (3) Application of credit. In no event shall the amount of the credit
 13 provided by this subsection exceed the taxpayer's tax for the taxable
 14 year. If the amount of the credit and carryovers of such credit allowed
 15 under this subsection exceeds such tax, the excess as well as any part
 16 of the credit or carryovers of such credit, or both may be carried over
 17 to the following year or years.
 18 (4) Aggr