Designates the third week of September as "Historically Black College and University Week" in Missouri and modifies provisions regarding higher education
Impact
In addition to the celebration of HBCUs, SB 718 incorporates a tax credit program for community-based faculty preceptors who provide educational training to medical and physician assistant students. From January 1, 2023, eligible preceptors may receive a tax credit of $1,000 for each preceptorship, with a maximum limit of $3,000 per tax year. This incentive encourages more healthcare professionals to engage in training future healthcare providers, potentially addressing gaps in healthcare education and workforce shortages in Missouri.
Summary
Senate Bill 718, known as the Higher Education Omnibus Bill, introduces several significant reforms aimed at enhancing higher education in Missouri. One of the primary provisions of the bill designates the third week of September as 'Historically Black College and University Week' in the state, thereby promoting awareness and appreciation for the contributions of HBCUs such as Lincoln University and Harris-Stowe State University. This recognition is intended to foster community engagement and the support of historically black institutions, ultimately contributing to an enriched educational environment within Missouri.
Sentiment
The sentiment surrounding SB 718 appears generally positive, particularly among supporters who advocate for increased visibility of HBCUs and the need for more trained healthcare providers. The bill is seen as a proactive step to bolster local higher education opportunities and support diversity within the workforce. However, it is worth noting that there may be concerns regarding the funding mechanisms for the tax credits and the implications for existing educational resources.
Contention
Despite its advantages, the bill has sparked discussions about the allocation of state resources to support the new initiatives and the potential strain on the state budget. Lawmakers may face challenges balancing the desire for expanded educational incentives with fiscal responsibility. This discussion underscores broader issues of educational funding equity and the necessity of sustainable solutions that adequately support both HBCUs and medical education within the state.
To amend the Higher Education Act of 1965 to provide for additional uses of funds for grants to strengthen historically Black colleges and universities, and for other purposes.
Establishes option for students nearing completion of program in chiropractic medicine to participate in preceptorship provided by State-licensed chiropractor.
A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.(See SF 391.)
A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.
A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.