S. 131 — PRECEPT Nurses Act

This section establishes a new nonrefundable tax credit of $2,000 under new IRC §25F for eligible nurse preceptors (i.e., licensed registered nurses or health care providers who complete at least 200 hours of precepting nursing students, advanced practice registered nursing students, or newly hired nurses in health professional shortage areas). A claim requires certification from a partnering school of nursing or clinical site verifying the hours served. The credit applies to taxable years beginning after December 31, 2025, and terminates for taxable years beginning after December 31, 2032. (Thus, the credit incentivizes preceptorship—a key mechanism for training nurses amid workforce shortages—in designated shortage areas for up to seven years.) This section further directs the Secretary of the Treasury to submit annual reports to specified congressional committees (Finance; Ways and Means; HELP; Education and Workforce; Energy and Commerce) for taxable years 2026 through 2032 on credit usage, preceptorship hours, geographic distribution, and related data; and, by June 30, 2033, an evaluation of the credit's effectiveness in increasing nurse preceptors, in consultation with the Health Resources and Services Administration.