New tax credit to health professionals who train
Starting January, volunteer health professors can get tax credit for training future doctors, nurses, and pharmacists.
More than 12-hundred physicians in Hawaii also volunteer as medical professors - also known as "preceptors."
They donate their time to train students at the University of Hawaii John A. Burns School of Medicine, allowing future doctors to learn first-hand from experienced doctors while “on the job.”
A new law signed last week allows preceptors to get an annual tax credit of up to $5,000 per year, for their service.
"A preceptor is a licensed health professional who allows students to come into their clinical practice and learn while they are delivering patient care," said Laura Reichhardt, the Director of the Hawaii State Center for Nursing.
"For the individual preceptor, this is a symbol that we care about providers in Hawaii and that we appreciate their teaching," said Dr. Kelley Withy of the UH John A. Burns School of Medicine
The new law also gives tax credits to volunteers who train nurse practicioners and pharmacists.