Community Based Faculty Preceptor Tax Credit

On this page find instructions and information on the Community Based Faculty Preceptor Tax Credit. 

• Tax Credit Code: 212

Summary

O.C.G.A. § 48-7-29.22 provides an income tax credit for a community based faculty preceptor that conducts a preceptorship rotation(s). This tax credit is applicable for taxable years beginning on or after January 1, 2019 and ending on or before December 31, 2026. For a community based faculty preceptor who is a physician as defined in O.C.G.A. §43-34-21, the credit shall accrue on a per preceptorship rotation basis in the amount of $500 for the first, second, or third preceptorship rotation and $1,000 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotation completed in one calendar year. For a community based faculty preceptor who is an advanced practice registered nurse as defined in O.C.G.A. §43-26-3 or a physician assistant as defined in O.C.G.A. §43-34-102, the credit shall accrue on a per preceptorship rotation basis in the amount of $375 for the first, second, or third preceptorship rotation and $750 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotation completed in one calendar year. An individual shall not accrue credit for more than ten preceptorship rotations in one calendar year. The credit cannot be carried forward and cannot be carried back. Certification from the Area Health Education Centers Program Office at Augusta University must be enclosed with the return.

Relevant Links

O.C.G.A. § 48-7-29.22, O.C.G.A. §43-34-21, O.C.G.A. §43-26-3, O.C.G.A. §43-34-102