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10.01.01.00.htm 10.01.01.00. Title 10 MARYLAND DEPARTMENT OF HEALTH Subtitle 01 PROCEDURES Chapter 01 Income Tax Credits for Preceptors in Areas with Health Care Workforce Shortages Authority: Tax-General Article, §10-738 and 10-739, Annotated Code of Maryland
10.01.01.01.htm 10.01.01.01. 01 Purpose and Effective Date.. A. Effective July 1, 2016, there is an income tax credit for nurse practitioners and physicians that serve as preceptors in health care workforce shortage areas.B. This chapter describes the procedures used by the Secretary of Health to monitor, evaluate eligibility for, and issue income tax credits for nurse practitioners and physicians that serve as preceptors in health care workforce shortage areas.
10.01.01.02.htm 10.01.01.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) “Applicant” means an individual:. a) Who has submitted an application to the Department for an income tax credit for serving as a preceptor; andb) Whose status for receipt of a tax credit has not yet been determined.. 2) “Board” means the State Board of Nursing.. 3) “Department” means the Maryland Department of Health.. 4) “Health care workforce shortage area” means:.
10.01.01.03.htm 10.01.01.03. 03 Eligibility.. A. A licensed physician is eligible for an income tax credit if the individual served without compensation as a:1) Physician preceptor in a physician preceptorship program authorized by an accredited medical school in the State and worked:a) A minimum of three rotations, each consisting of 160 hours of community-based clinical training; andb) In a health care workforce shortage area; or. 2) Preceptor in a Board-approved nurse practitioner program and worked:.
10.01.01.04.htm 10.01.01.04. 04 Application and Application Process.. A. Applicant.. 1) An applicant shall submit:. a) A completed application to the Department on the form designated by the Department; and. b) Supporting documentation required by the Department.. 2) An applicant may voluntarily withdraw the application without prejudice.. 3) An applicant may submit a new application subject to §C of this regulation.. B. The Department shall:. 1) Approve applications during the application period;.
10.01.01.05.htm 10.01.01.05. 05 Verification and Audit of Income Tax Credits.. A. The Department may:. 1) Request from an applicant or preceptor additional information to verify statements in an application for an income tax credit; and2) Use independent verification, such as a preceptor list and preceptor completion letters received by the medical and nursing schools, to verify information reported on an application for an income tax credit.B. The Comptroller shall retain its audit authorit
10.01.01.06.htm 10.01.01.06. 06 Income Tax Credits.. A. On approval of an application, the Department shall issue an income tax credit certificate to a nurse practitioner or licensed physician in the amount of $1,000 for each nurse practitioner student for whom he or she served as a preceptor:1) For a minimum of three rotations, each consisting of 100 hours of community-based clinical training;2) Without compensation; and. 3) In a health care workforce shortage area.. B. On approval of an appl
10.01.01.07.htm 10.01.01.07. 07 Nurse Practitioner Preceptorship Tax Credit Fund.. A. The purpose of the Nurse Practitioner Preceptorship Tax Credit Fund is to offset the costs of the income tax credit for nurse practitioner preceptors.B. The Fund is:. 1) A special continuing, nonlapsing fund pursuant to Tax-General Article, §10-738, Annotated Code of Maryland; and2) Not subject to State Finance and Procurement Article, §7-302, Annotated Code of Maryland.. C. The Fund consists of:. 1) Revenue distributed to
10.01.01.08.htm 10.01.01.08. 08 Physician Preceptorship Income Tax Credits.. Each year an amount not exceeding $100,000 of the unspent portion of the money that is transferred to the Office of Student Financial Assistance for use for the Health Personnel Shortage Incentive Grant Program may be transferred to or revert to the General Fund of the State in order to offset the costs of the income tax credit for physician preceptors.
10.01.01.09.htm 10.01.01.09. 09 Limits and Excess Amounts.. A. The amount of income tax credit stated in the income tax credit certificate may not exceed $10,000 for any individual in any taxable year.B. Physician Preceptorship Program.. 1) The Department may not issue more than $100,000 in income tax credit certificates for each taxable year.2) If the aggregate amount of income tax credit certificates issued during a taxable year totals less than $100,000, the excess amount may be issued f
10.01.01.10.htm 10.01.01.10. 10 Responsibilities of the Comptroller.. On notification that an income tax credit certificate has been issued by the Department, the Comptroller shall transfer an amount equal to the income tax credit amount stated in the income tax credit certificate from the Nurse Practitioner Preceptorship Tax Credit Fund to the General Fund.
10.01.01.11.htm 10.01.01.11. 11 Expiration of Program.. A. This chapter remains in effect until the earlier of:. 1) The date that funding for income tax credits ceases to be available; or. 2) June 30, 2021.. B. The Department shall issue final income tax credits based on available funds..
10.01.01.9999.htm 10.01.01.9999. Administrative History Effective date: January 29, 2018 (45:2 Md. R. 68).
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