TO CREATE THE PRECEPTOR TAX INCENTIVE PROGRAM; AND TO PROVIDE INCENTIVES FOR CERTAIN MEDICAL OR COUNSELING PROFESSIONALS TO TRAIN CERTAIN STUDENTS WHO ARE LEARNING TO BECOME MEDICAL OR COUNSELING PROFESSIONALS.

HB 1670 would create a tax incentive program offering Arkansas income tax credits to licensed medical and counseling professionals who train students in accredited programs. Uncompensated preceptors (those not paid for mentoring) would receive $1,000 per student trained (capped at $10,000 yearly), while compensated preceptors (paid as independent contractors) would get a credit equal to their payment (capped at $6,000 yearly). The bill directly affects physicians, nurses, counselors, and physician assistants who mentor medical, nursing, counseling, or physician assistant students. Note: This bill was withdrawn by its author on April 14, 2025, and did not advance further.