Become a Preceptor and Receive Tax Credits
New Georgia Preceptor Tax Incentive Program (PTIP) offers preceptors up to $8,500 per year in tax credits
Georgia needs more clinicians, and universities with nurse practitioner programs like Brenau need capable and experienced preceptors to prepare our students to treat patients after graduation.
Universities and clinicians understand the importance of experienced clinicians guiding and mentoring students. And, on April 25, 2019, Georgia Gov. Brian Kemp signed into law the Preceptor Tax Incentive Program. This new legislation gives physicians, advanced practice registered nurses and physicians the ability to register to become preceptors and receive tax credits — a direct reduction in income tax owed — for up to 10 clinical rotations per calendar year.
Who Can Become a Preceptor?
- Be a licensed and practicing Georgia physician, advanced practice registered nurse or physician assistant
- Not currently receiving direct compensation for teaching medical, osteopathic, APRN or PA students
- Register with the Georgia Statewide Area Health Education Centers administered by Augusta University
What Counts as a Clinical Rotation?
- As defined by PTIT, clinical rotations consist of live, in-state supervision of a student NP enrolled in an eligible private or public training program (including Brenau’s program)
- Each clinical rotation is counted as 160 hours of clock time. Preceptors can accrue hours across multiple student supervisees at multiple sites
- Clinical rotation hours must be reported by the school the nurse practitioner is attending for the preceptor to claim the tax credit
What Tax Credits are Available?
Preceptors for APRN programs can claim tax credits for up to 10 clinical rotations (1,600 hours) per calendar year.
- For clinical rotations 1-3, preceptors can claim $500 per rotation
- For clinical rotations 4-10, preceptors can claim $1,000 per rotation
APRNs and PAs
- For clinical rotations 1-3, preceptors can claim $375 per rotation
- For clinical rotations 4-10, preceptors can claim $750 per rotation
The maximum tax credit a physician can claim is $8,500 per year, and $6,375 for an APRN/PA preceptor. There is no minimum number of rotations preceptors must complete to become eligible for a tax credit.
How Do I Get Started?
Eligible preceptor candidates must register with Georgia Statewide AHEC. You only need to register once. Online registration is available through August University.
Future NPs in Georgia need your guidance and expertise. If you have not already done so, please consider becoming a nursing program preceptor today!