S 131 · 119th CongressIn Committeecongress.gov ↗

PRECEPT Nurses Act

What this bill does

AI plain-language summary

This bill creates a $2,000 tax credit for experienced nurses who spend at least 200 hours teaching and mentoring nursing students or newly hired nurses in areas that don't have enough healthcare workers. The tax credit would be available through 2032 and cannot be used to get a refund beyond what someone already owes in taxes. The bill also requires the IRS to report to Congress information about how many people use the tax credit, where they are located, and whether the credit is helping increase the number of nurse mentors in the country.

Introduced

January 16, 2025

Policy Area

Taxation

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