Personal Income Tax Law: credit: nurses.

Plain English Breakdown

The official source does not specify the exact details of the goals, purposes, and objectives that the tax credit aims to achieve.

Nurse Tax Credit

The bill allows licensed nurses working at rural health facilities to receive a $2,000 annual tax credit from January 1, 2027, until January 1, 2032.

What This Bill Does

• Creates a new tax credit for nurses who work in rural areas.
• Sets the amount of the tax credit at $2,000 per year for each nurse starting from January 1, 2027, until January 1, 2032.
• Requires the Department of Health Care Access and Information to provide an annual list of eligible rural health facilities to the Franchise Tax Board.

Who It Names or Affects

• Licensed nurses working at rural health facilities.
• The Department of Health Care Access and Information.
• The Franchise Tax Board.

Terms To Know

Tax Credit

Money that can be subtracted from the amount a person owes in taxes.

Rural Health Facility

A healthcare center located in an area with low population density, often providing essential medical services to residents of rural areas.

Limits and Unknowns

• The exact amount of the tax credit is specified as $2,000 per year for each nurse.
• It's unclear how many nurses will qualify for this tax credit.

Official Summary Text

SB 1102, as amended, Dahle.
Personal Income Tax Law: credit: nurses.
The Personal Income Tax Law allows various credits against the taxes imposed by that law.
Existing law establishes the continuously appropriated Tax Relief and Refund Account and provides that payments required to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account.
This bill would allow a credit against those taxes to a licensed nurse employed at a rural health facility, as specified, for each taxable year beginning on or after January 1, 2027,
in an unspecified amount. The bill would require the amount of the credit exceeding the taxpayer’s liability to be credited against other amounts due, if any, and would require the balance to be paid from the Tax Relief and Refund Account and refunded to the taxpayer. By increasing the payments from the Tax Relief and Refund Account, a continuously
appropriated fund, the bill would make an appropriation.
and before January 1, 2032, in an amount equal to $2,000 per taxpayer per taxable year. The bill would require the Department of Health Care Access and Information to provide an annual list to the Franchise Tax Board of rural health facilities, as specified.
Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.
This bill would include findings and reporting requirements in compliance with this requirement.
This
bill would take effect immediately as a tax levy.

Current Bill Text

Download Bill PDF