Md. Code Regs. 10.01.01.08 - Physician Assistant Preceptorship Tax Credit Fund
A. The purpose
of the Physician Assistant Preceptorship Tax Credit Fund is to offset the costs
of the income tax credit available to approved preceptors of physician
assistant students.
B. The Fund is:
(1) A special, 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, §15-206, 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, § 15-206,
Annotated Code of Maryland, money credited or appropriated to the Fund will
remain in the Fund.
Notes
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