Community-Based Faculty Preceptor Tax Credit

The Community-Based Faculty Preceptor Tax Credit program, administered by the Department of Health and Senior Services' (DHSS) Office of Rural Health and Primary Care (ORHPC), provides an income tax credit for qualified community-based faculty preceptors for physicians and physician assistants.

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Community-Based Faculty Preceptor Tax Credit Program Application

Application Link

Next application cycle opens July 1st
Application is due on January 31 of each calendar year following the tax year in which the tax credit application is being submitted.

Access the proposed rule 19 CSR 20-70.010 Community-Based Faculty Preceptor Tax Credit, to review the waiver application submission and selection process.

Eligibility

Applicants must meet the following criteria:

Serve as a community-based faculty preceptor (physician or physician assistant) providing the preceptorship
Hold a current and active license issued by the Division of Professional Registration of the Department of Commerce and Insurance
Provide a medical or physician assistant student core preceptorship to 1 or more medical student(s) or physician assistant student(s)
Complete a minimum of 1 preceptorship rotation (120 hours of community-based instruction in family medicine, internal medicine, pediatrics, psychiatry, or obstetrics and gynecology) to 1 or more medical student(s) or physician assistant student(s), up to 3 preceptorship rotations during the tax year in which the preceptorship is claimed; and
Have not received any direct compensation for the preceptorship(s).

Application Information

Applications will be accepted on a first come first serve basis.
Applications can be submitted at any point during the calendar year, after completion of preceptorship(s).
Final deadline to submit application documentation is January 31 of each calendar year following the tax year in which the tax credit application is being submitted.
- For example: For tax credit year 2023, the application documentation deadline is January 31, 2024.

Required Application Documentation:

Preceptor's name;
Preceptor's phone number;
Preceptor's email address;
Preceptor's mailing address;
Preceptor's discipline and specialty, if applicable;
A statement that the preceptor agrees they did not and will not accept payment in any form for the preceptorship;
Total number of hours of instruction;
A signed statement on letterhead from preceptor's employer and/or students' university that verifies that the number of hours of instruction are correct.
The amount of tax credit claimed; and
The following information on each student:
- First and last name;
- Phone number;
- Email address;
- Name and address of the student's college or university;
- Name of the department head or the program director;
- Type of rotation completed;
- Beginning and completed dates of the rotation; and
- Number of hours of completed rotation.

Tax Credit Issuance

The Department of Health and Senior Services (DHSS) will issue, to the preceptors awarded, a certification affirming the taxpayer's eligibility for the tax credits by March 1st of the year following the preceptorship. To receive the credit, the taxpayer shall file the DHSS certification with their income tax return for the year in which they provided the preceptorship rotation(s).

The tax credits are subject to the availability of funds, preceptors shall be allowed a credit against the tax otherwise due under Chapter 143, RSMo, excluding withholding tax imposed under sections 143.191 to 143.265, RSMo.

Qualifying preceptors will receive a tax credit in an amount equal to $1,000 for each completed preceptorship rotation, up to a maximum of $3,000 (3 preceptorship rotations) per tax year; however:

The tax credit cannot exceed tax liability for the tax year for which such credit is claimed.
The tax credit cannot be used against tax liability for any prior or succeeding tax year.
- This may result in a credit of less than one thousand dollars ($1,000).
No amount of any tax credit allowed under this rule shall be refundable.
No tax credit allowed under this rule shall be transferred, sold, or assigned.
No taxpayer shall be eligible to receive the tax credit authorized under this rule if such taxpayer employs persons not authorized to work in the United States under federal law.

Contact Information
Address any questions or concerns to:

Office of Rural Health and Primary Care
Missouri Department of Health and Senior Services
P.O. Box 570, 930 Wildwood
Jefferson City, MO 65102-0570
Phone: 573-751-6441
Email (Preferred Method of Contact): ORHPCinfo@health.mo.gov

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