Thursday, December 18, 2014

New tax deduction available to community-based physicians

AUGUSTA, Ga. – Gov. Nathan Deal signed into law April 15 legislation that creates tax deductions of up to $10,000 for community-based faculty physicians who provide training to medical, physician assistant, and nurse practitioner students.

Under Senate Bill 391, Georgia physicians who provide clinical training to health professions students for a minimum of three (to a maximum of 10) rotations, and who are not compensated through any other source, can claim a tax deduction of $1,000 per student for every 160 hours of training provided. Students must be enrolled in a one of the state’s public or private medical/osteopathic, physician assistant, or nurse practitioner programs.

The Georgia Statewide Area Health Education Centers Program Office, located at Georgia Regents University, is charged with creating the certification process for Senate Bill 391. AHEC personnel will work with academic officers across the state as well as with the Department of Revenue to develop policies and procedures to govern the program, which is set to kick off July 1.

The tax deduction was adopted by the Statewide AHEC‘s Annual Primary Care Medical Shortages Summit as a way to recognize and reward uncompensated physicians who are providing critical training for identified health professions students.

For more information, contact AHEC Executive Director Denise Kornegay at 706-721-8331.

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