Medical preceptorship training; providing income tax credit; revolving fund; license fee; emergency.

This bill creates a tax credit program for licensed healthcare professionals in Oklahoma who provide unpaid training to medical students, residents, and other trainees. Eligible providers, known as faculty preceptors, can receive a credit against their state income tax for each 160-hour training rotation they supervise, with the amount varying based on the type of student and the number of rotations completed. The program is funded through specific revolving funds that collect license fees, and the total credits issued each year are limited by the amount of money available in these funds. The tax credit is available for training periods between 2025 and 2034, and unused credits can be carried forward for up to five years.