Okla. Stat. tit. 68, § 68-2357.409

preceptorship rotation.

A. As used in this section:

1. “Advanced practice registered nursing student” means an

individual participating in a state-supported training program in

this state that is approved by the Oklahoma Board of Nursing for the

training of individuals to become Advanced Practice Registered

Oklahoma Statutes - Title 68. Revenue and Taxation Page 907

Nurses as defined in Section 567.3a of Title 59 of the Oklahoma

Statutes;

2. “Faculty preceptor” means an allopathic physician,

osteopathic physician, physician assistant, or Advanced Practice

Registered Nurse licensed in this state and who provides primary

care services;

3. “Medical school” means a legally chartered medical school

recognized by the Oklahoma State Regents for Higher Education;

4. “Medical student” means a student currently enrolled in a

medical school in this state or a school or college of osteopathic

medicine in this state;

5. “Physician assistant student” means an individual

participating in a state-supported training program in this state

that is approved by the State Board of Medical Licensure and

Supervision for the training of individuals to become physician

assistants as defined in Section 519.2 of Title 59 of the Oklahoma

Statutes;

6. “Preceptorship rotation” means a period of preceptorship

training of one or more medical students, residents, physician

assistant students, or advanced practice registered nursing students

that in aggregate totals one hundred sixty (160) hours;

7. “Preceptorship training” means uncompensated training in

primary care services of a medical student, resident, physician

assistant student, or advanced practice registered nursing student

enrolled in a training program in this state;

8. “Primary care services” means family medicine, geriatrics,

general internal medicine, general pediatrics, or the substantial

equivalent of such services when performed by a physician assistant

or Advanced Practice Registered Nurse;

9. “Resident” means an allopathic physician or osteopathic

physician pursuing postgraduate medical education at a program

supported by a medical school or a school or college of osteopathic

medicine in this state; and

10. “School or college of osteopathic medicine” shall have the

same meaning as provided by Section 631 of Title 59 of the Oklahoma

Statutes.

B. 1. For tax years 2026 through 2035, there shall be allowed

a credit against the tax imposed pursuant to Section 2355 of Title

68 of the Oklahoma Statutes for a faculty preceptor who conducts a

preceptorship rotation.

2. Except as provided for by subsection F of this section,

credit shall be allowed for no greater than ten preceptorship

rotations completed in a calendar year, and shall be equal to the

following amounts:

a. for a medical student or resident, Two Hundred Ninety

Dollars ($290.00) each for the first, second, or third

preceptorship rotations and Five Hundred Ninety

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Dollars ($590.00) each for up to seven subsequent

rotations, and

b. for a physician assistant student or advanced practice

registered nursing student, One Hundred Sixty-five

Dollars ($165.00) each for the first, second, or third

preceptorship rotations and Three Hundred Forty

Dollars ($340.00) each for up to seven subsequent

rotations.

C. The credit authorized by this section shall not be used to

reduce the tax liability of the taxpayer to less than zero (0).

D. To the extent not used, the credits authorized by this

section may be carried over, in order, to each of the five (5)

subsequent tax years.

E. The Health Care Workforce Training Commission shall award

the credit authorized by subsection B of this section to faculty

preceptors for preceptorship rotations of:

1. Medical students enrolled in a medical school in this state;

2. Residents who are allopathic physicians pursuing

postgraduate medical education at a program supported by a medical
ach of the five (5)

subsequent tax years.

E. The Health Care Workforce Training Commission shall award

the credit authorized by subsection B of this section to faculty

preceptors for preceptorship rotations of:

1. Medical students enrolled in a medical school in this state;

2. Residents who are allopathic physicians pursuing

postgraduate medical education at a program supported by a medical

school in this state;

3. Physician assistant students;

4. Medical students enrolled in a school or college of

osteopathic medicine in this state;

5. Residents who are osteopathic physicians pursuing

postgraduate medical education at a program supported by a school or

college of osteopathic medicine in this state; and

6. Advanced practice registered nursing students.

F. 1. The credits awarded by the Health Care Workforce

Training Commission under paragraphs 1 and 2 of subsection E of this

section for the tax year shall not exceed the amount deposited to

the Physician Preceptor Tax Credit Revolving Fund created in Section

2 of this act during the fiscal year ending on the June 30 date

immediately preceding the date upon which the applicable income tax

year begins.

2. The credits awarded by the Health Care Workforce Training

Commission under paragraph 3 of subsection E of this section for the

tax year shall not exceed the amount deposited to the Physician

Assistant Preceptor Tax Credit Revolving Fund created in Section 3

of this act during the fiscal year ending on the June 30 date

immediately preceding the date upon which the applicable income tax

year begins.

3. The credits awarded by the Health Care Workforce Training

Commission under paragraphs 4 and 5 of subsection E of this section

for the tax year shall not exceed the amount deposited to the

Osteopathic Physician Preceptor Tax Credit Revolving Fund created in

Section 4 of this act during the preceding fiscal year ending on the

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June 30 date immediately preceding the date upon which the

applicable income tax year begins.

4. The credits awarded by the Health Care Workforce Training

Commission under paragraph 6 of subsection E of this section for the

tax year shall not exceed the amount deposited to the Advanced

Practice Registered Nurses Preceptor Tax Credit Revolving Fund

created in Section 5 of this act during the preceding fiscal year

ending on the June 30 date immediately preceding the date upon which

the applicable income tax year begins.

G. Partial claims for credit may be awarded. Credits earned

but not allowed due to the application of the limitation provided in

this section shall be considered suspended and authorized to be used

in the subsequent tax year and applied to the next tax year’s

limitation.

H. In order to receive the credit provided pursuant to this

section, a faculty preceptor shall:

1. Claim the credit for the tax year in which the preceptorship

rotation was completed;

2. Certify that he or she did not receive payment during the

tax year from any source for providing the training; and

3. Supply supporting documentation as may be required by the

Health Care Workforce Training Commission.

I. 1. The State Board of Medical Licensure and Supervision

shall reserve Seven Dollars ($7.00) of every annual licensure fee

received from allopathic physicians and shall deposit the sum to the

Physician Preceptor Tax Credit Revolving Fund created in Section 2

of this act for the purpose of providing funding for the credit

authorized by this section.

2. The State Board of Medical Licensure and Supervision shall

reserve Four Dollars ($4.00) of every annual licensure fee received

from physician assistants and shall deposit the sum to the Physician

Assistant Preceptor Tax Credit Revolving Fund created in Section 3

of this act for the purpose of providing funding for the credit

authorized by this section.
credit

authorized by this section.

2. The State Board of Medical Licensure and Supervision shall

reserve Four Dollars ($4.00) of every annual licensure fee received

from physician assistants and shall deposit the sum to the Physician

Assistant Preceptor Tax Credit Revolving Fund created in Section 3

of this act for the purpose of providing funding for the credit

authorized by this section.

3. The State Board of Osteopathic Examiners shall reserve Seven

Dollars ($7.00) of every annual licensure fee received from

osteopathic physicians and shall deposit the sum to the Osteopathic

Physician Preceptor Tax Credit Revolving Fund created in Section 4

of this act for the purpose of providing funding for the credit

authorized by this section.

4. The Oklahoma Board of Nursing shall reserve Four Dollars

($4.00) of every annual licensure fee received from Advanced

Practice Registered Nurses and shall deposit the sum to the Advanced

Practice Registered Nurses Preceptor Tax Credit Revolving Fund

created in Section 5 of this act for the purpose of providing

funding for the credit authorized by this section.

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J. 1. With respect to each tax year for which any tax credit

authorized by this section is awarded, the Health Care Workforce

Training Commission shall electronically submit information to the

Oklahoma Tax Commission, which shall include the number and amount

of tax credits awarded and the name of the taxpayers that were

awarded credits.

2. With respect to each fiscal year the State Board of Medical

Licensure and Supervision, the State Board of Osteopathic Examiners,

and the Oklahoma Board of Nursing shall electronically submit to the

Health Care Workforce Training Commission and the Oklahoma Tax

Commission the amount deposited in the Physician Preceptor Tax

Credit Revolving Fund created in Section 2 of this act, the

Physician Assistant Preceptor Tax Credit Revolving Fund created in

Section 3 of this act, the Osteopathic Physician Preceptor Tax

Credit Revolving Fund created in Section 4 of this act, and the

Advanced Practice Registered Nurses Preceptor Tax Credit Revolving

Fund created in Section 5 of this act.

K. The Oklahoma Tax Commission, the Health Care Workforce

Training Commission, the State Board of Medical Licensure and

Supervision, the State Board of Osteopathic Examiners, and the

Oklahoma Board of Nursing may promulgate rules to effectuate the

provisions of this act.