PRECEPT Nurses Act

S 1627, the PRECEPT Nurses Act, creates a $2,000 annual tax credit for eligible nurse preceptors who provide at least 200 hours of clinical training to nursing students or newly hired nurses (within their first six months) in designated health professional shortage areas. To qualify, preceptors must obtain certification from their academic institution or clinical site verifying their hours, and the credit applies to taxable years beginning after December 2023 through 2030. The bill requires the Treasury Department to report annually on credit usage and evaluate the program's effectiveness by 2031. This policy directly affects licensed nurses in underserved communities by providing a financial incentive to mentor nursing students and new nurses.