I 
118TH CONGRESS 
2D SESSION H. R. 10373 
To amend the Internal Revenue Code of 1986 to create a tax credit for 
nurse preceptors. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 11, 2024 
Ms. TENNEY (for herself and Mr. COSTA) introduced the following bill; which 
was referred to the Committee on Ways and Means, and in addition to 
the Committee on Appropriations, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to create 
a tax credit for nurse preceptors. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Providing Real-World 
Education and Clinical Experience by Precepting Tomor-
row’s Nurses Act’’ or the ‘‘PRECEPT Nurses Act’’. 
SEC. 2. CREDIT FOR NURSE PRECEPTORS. 
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
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1986 is amended by inserting after section 25E the fol-
lowing new section: 
‘‘SEC. 25F. CREDIT FOR NURSE PRECEPTORS. 
‘‘(a) IN GENERAL.—In the case of any eligible nurse 
preceptor, there shall be allowed as a credit against the 
tax imposed by this chapter for any taxable year an 
amount equal to $2,000. 
‘‘(b) DEFINITIONS.—For purposes of this section— 
‘‘(1) ELIGIBLE NURSE PRECEPTOR.—The term 
‘eligible nurse preceptor’ means, with respect to any 
taxable year, an individual who serves not less than 
200 hours during the taxable year as a nurse pre-
ceptor in a community which is designated as a 
health professional shortage area under section 332 
of the Public Health Service Act. The Secretary 
shall publish on an annual basis on the website of 
the Internal Revenue Service a list of the areas 
which are so designated. 
‘‘(2) NURSE
PRECEPTOR.—The term ‘nurse 
preceptor’ means a licensed registered nurse or 
health care provider (as defined in section 3000(3) 
of the Public Health Service Act (42 U.S.C. 
300jj(3))) who provides supervision and personalized 
experiential learning, training, instruction, and men-
toring opportunities in the clinical practice of nurs-
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ing (as defined by the applicable State Board of 
Nursing, applicable state agency, or written agree-
ment between the relevant academic institution and 
clinical site) to a student of nursing, student of ad-
vanced practice registered nursing, or newly hired li-
censed nurse. 
‘‘(3) RELEVANT ACADEMIC INSTITUTION.—The 
term ‘relevant academic institution’ means a school 
of nursing (as defined in section 801(2) of the Pub-
lic Health Service Act (42 U.S.C. 296(2))) in which 
a student of nursing or student of advanced practice 
registered nursing is enrolled. 
‘‘(4) NEWLY HIRED.—The term ‘newly hired’ 
means within the first 6 months of employment. 
‘‘(5) MINIMUM REQUIRED HOURS OF PRECEP-
TORSHIP.—The term ‘minimum required hours of 
preceptorship’ means 200 hours of serving as a 
nurse preceptor. 
‘‘(c) REPORTING REQUIREMENT.— 
‘‘(1) IN GENERAL.—No credit shall be allowed 
under subsection (a) unless the eligible nurse pre-
ceptor has received a certification indicating that the 
eligible nurse preceptor has completed the minimum 
required hours of preceptorship for the taxable year. 
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‘‘(2) CONTENTS OF CERTIFICATION.—A certifi-
cation under paragraph (1) shall include— 
‘‘(A) a certification from the relevant 
partnering academic institution stating the 
number of hours the preceptor served as a 
nurse preceptor to a student of nursing or stu-
dent of advanced practice registered nursing 
during the taxable year, or 
‘‘(B) a certification from the clinical site at 
which the preceptor is employed stating the 
number of hours the preceptor served as a 
nurse preceptor to a newly hired nurse during 
the taxable year. 
‘‘(3) MULTIPLE
CERTIFICATIONS.—A nurse 
preceptor may receive multiple certifications from 
multiple entities under paragraph (2) to establish 
the completion of the minimum required hours of 
preceptorship. 
‘‘(d) TERMINATION.—This section shall not apply to 
any taxable year beginning after December 31, 2030.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by in-
serting after the item relating to section 25E the following 
new item: 
‘‘Sec. 25F. Credit for nurse preceptors.’’. 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2023. 
(d) REPORT AND EVALUATION.— 
(1) IN GENERAL.—Beginning with taxable year 
2024 and ending with taxable year 2030, the Sec-
retary of the Treasury (or such Secretary’s delegate) 
shall report to the relevant committees of Congress 
for each taxable year on the credit under section 
25F of the Internal Revenue Code of 1986, as added 
by this section. Such report shall include— 
(A) the number of taxpayers claiming such 
credit for the taxable year, 
(B) the total hours served and other aggre-
gated and averaged data on the preceptorships 
served by taxpayers as an eligible nurse pre-
ceptor (as defined in section 25F(b) of such 
Code, as so added), 
(C) the geographic distribution of tax-
payers claiming such credit for the taxable year, 
and 
(D) such other information as determined 
relevant by the Secretary (or the Secretary’s 
delegate). 
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(2) EVALUATION.—Not later than June 30, 
2031, the Secretary of the Treasury (or the Sec-
retary’s delegate), in consultation with the Adminis-
trator of the Health Resources and Services Admin-
istration, shall provide to the relevant committees of 
Congress an evaluation of the effectiveness of the 
credit under section 25F of the Internal Revenue 
Code of 1986, as added by this section, in increasing 
the number of nurse preceptors in the United 
States. 
(3) RELEVANT COMMITTEES OF CONGRESS.— 
For purposes of this subsection, the term ‘‘relevant 
committees of Congress’’ means— 
(A) the Committee on Finance of the Sen-
ate, 
(B) the Committee on Ways and Means of 
the House of Representatives, 
(C) the Committee on Health, Education, 
Labor, and Pensions of the Senate, 
(D) the Committee on Education and the 
Workforce of the House of Representatives, and 
(E) the Committee on Energy and Com-
merce of the House of Representatives. 
(e) FUNDING.— 
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(1) DETERMINATION OF AMOUNT OF CREDIT 
ALLOWED.—Beginning with taxable year 2024 and 
ending with taxable year 2030, the Secretary shall, 
subsequent to the close of such taxable year, deter-
mine the total amount of the credit allowed under 
section 25F of the Internal Revenue Code of 1986 
(as added by this section) with respect to such tax-
able year. 
(2) TRANSFER
OF
EXPIRED
AND
UNUSED 
COVID–19 FUNDING.— 
(A) IN
GENERAL.—Following any deter-
mination by the Secretary under paragraph (1), 
with respect to any amounts related to COVID– 
19 relief which— 
(i) were appropriated under any cov-
ered Act, and 
(ii) on the date of the determination 
described in such paragraph, were unobli-
gated and the authority to obligate or ex-
pend such amounts has terminated, 
the Secretary shall (at such time and in such 
manner as the Secretary may provide) transfer 
a share of such appropriated amounts into the 
general fund of the Treasury of the United 
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States in an amount equal to the amount deter-
mined under such paragraph. 
(B) ORDERING.—For purposes of subpara-
graph (A), amounts appropriated under any 
covered Act which are described in such sub-
paragraph shall be transferred— 
(i) in the order in which the authority 
to obligate or expend such amounts has 
terminated, or 
(ii) in the case of any amounts for 
which such authority terminated on the 
same date, in a pro rata manner. 
(3) DEFINITIONS.—In this subsection— 
(A) COVERED
ACT.—The term ‘‘covered 
Act’’ means any of the following: 
(i) The Coronavirus Preparedness and 
Response 
Supplemental 
Appropriations 
Act, 2020 (Public Law 116–123; 134 Stat. 
146). 
(ii) The Families First Coronavirus 
Response Act (Public Law 116–127; 134 
Stat. 178). 
(iii) The CARES Act (Public Law 
116–136; 134 Stat. 281). 
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(iv) The Paycheck Protection Pro-
gram and Health Care Enhancement Act 
(Public Law 116–139; 134 Stat. 620). 
(v) Divisions M and N of the Consoli-
dated Appropriations Act, 2021 (Public 
Law 116–260; 134 Stat. 1182). 
(vi) The American Rescue Plan Act of 
2021 (Public Law 117–2; 135 Stat. 4). 
(B) SECRETARY.—The term ‘‘Secretary’’ 
has the meaning given such term in section 
7701(a)(11)(B) of the Internal Revenue Code 
of 1986. 
Æ 
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