Code of Maryland Regulations
Title 10 - MARYLAND DEPARTMENT OF HEALTH
Part 1
Subtitle 01 - PROCEDURES
Chapter 10.01.01 - Income Tax Credits for Preceptors in Areas with Health Care Workforce Shortages
Section 10.01.01.07 - Nurse Practitioner Preceptorship Tax Credit Fund
Universal Citation: MD Code Reg 10.01.01.07
Current through Register Vol. 51, No. 19, September 20, 2024
A. The purpose of the Nurse Practitioner Preceptorship Tax Credit Fund is to offset the costs of the income tax credit for preceptors of nurse practitioner students.
B. The Fund is:
(1) A special continuing, nonlapsing fund
pursuant to Tax-General Article, § 10-738, Annotated Code of Maryland;
and
(2) Not subject to State Finance
and Procurement Article, §7-302,
Annotated Code of Maryland.
C. The Fund consists of:
(1) Revenue distributed to the Fund under
Health Occupations Article, §8-206, Annotated
Code of Maryland;
(2) Money
appropriated in the State budget to the Fund; and
(3) Any other money from any other source
accepted for the benefit of the Fund.
D. Except when the Comptroller transfers an amount equal to an income tax credit certificate issued from the Fund to the General Fund of the State, pursuant to Tax-General Article, § 10-738, Annotated Code of Maryland, money credited or appropriated to the Fund will remain in the Fund.
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