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Bill

S 4267

Appropriates $10 million to Department of Treasury for nurse preceptor tax credits.

2024-2025 Regular Session Introduced by Joe Vitale

New Jersey appropriates $10 million in nurse preceptor tax credits to incentivize mentorship of nursing students and new graduates.

Introduced in the Senate, Referred to Senate Health, Human Services and Senior Citizens Committee
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Bill Summary · S 4267

Legislative bill overview

S 4267 appropriates $10 million to the New Jersey Department of Treasury to fund tax credits for nurse preceptors—experienced nurses who supervise and mentor nursing students and new graduate nurses in clinical settings. The program aims to incentivize nurses to take on mentoring responsibilities, which are often time-intensive and unpaid or minimally compensated roles.

Why is this important

Nurse preceptors are critical to developing competent nursing professionals, yet many experienced nurses avoid these roles due to the burden on their workload and limited financial recognition. By offering tax credits, the bill attempts to address nursing shortages and improve workforce development during a period of significant healthcare staffing challenges. This could enhance both the pipeline for new nurses and the quality of clinical training they receive.

Potential points of contention

  • Cost-effectiveness: Whether a $10 million appropriation sufficiently incentivizes preceptor participation or if the tax credit amount per nurse is substantial enough to meaningfully offset their additional work
  • Program design details: The bill provides no specifics on credit amount, eligibility criteria, application process, or how Treasury will administer the program, raising questions about implementation feasibility
  • Targeted impact: Unclear whether credits will benefit nurses proportionally across facility types (hospitals, long-term care, etc.) or if some sectors will capture disproportionate funding

Compiled from official sources — confirm details with the bill’s official record.

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