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Rural & Frontier Health Care Preceptor Tax Credit

Concerning the creation of a credit against the state income tax for rural primary care preceptors training students matriculating at Colorado institutions of higher education.

HB16-1142 2016 Regular Session Not stated Fiscal Policy & Taxes Health Care & Health Insurance

Cost estimates

At the first note read
Row printed, no figure
FACT February 2, 2016
At the last note read
Row printed, no figure
FACT July 22, 2016
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: None.

Bill summary

For income tax years commencing on or after January 1, 2017, but prior to January 1, 2020, the act offers an income tax credit in the amount of $1,000 to a health care professional who provides a preceptorship during the applicable income tax year. A preceptorship is defined as an uncompensated mentoring experience in which a preceptor provides a program of personalized instruction, training, and supervision for a total of not less than 4 weeks per calendar year that is offered to an eligible graduate student to enable the student to obtain an eligible professional degree.

The credit is available to a taxpayer who:

  • Is licensed to practice one of a number of primary health care fields of medicine; and
  • Practiced his or her primary health care field of medicine in a rural or frontier area during the portion of the income tax year for which the preceptor is claiming the tax credit.

The act caps the number of preceptors that may claim the tax credit for any one income tax year at 200.

The act specifies the manner in which the taxpayer is required to apply for the credit and procedures to be followed if a preceptor fails to satisfy the requirements of the act for a particular tax year.

If the amount of the credit allowed exceeds the amount of the income tax otherwise due, the act allows the balance to be carried forward and applied against the income tax due in each of the 5 succeeding income tax years.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)