Missouri Governor Signs Law Creating Medical Preceptorship Individual Income Tax Credit

The Missouri Governor June 30 signed a law creating the Medical Preceptorship Tax Credit for individual income tax purposes. The law includes measures: 1) creating the tax credit for any community-based faculty preceptor, who serves as the community-based faculty preceptor for a medical student core preceptorship or a physician assistant student core preceptorship; 2) providing that the amount of the tax credit will be $1000 for each preceptorship, up to a maximum of $3,000 per tax year, if the person completes up to three preceptorship rotations during the tax year and didn’t receive any direct compensation for the preceptorships; 3) ...