House Speaker Pro Tempore Terry O’Donnell, R-Catoosa, got passage of a bill that would provide income tax credits for doctors practicing in rural areas of the state.
House Bill 2089 is authored by House Speaker Charles McCall, R-Atoka and Speaker Pro Tempore O’Donnell. The bill would grant up to a $25,000 tax credit for income from compensation directly related to the practice of medicine or osteopathic medicine by a qualifying physician.
“The lifestyle of rural physicians doesn’t always appeal to young students getting out of medical school these days,” O’Donnell told members of the House Rules Committee. “This tax credit would help us incentivize doctors to go into practice in our state’s rural communities, an effort to bolster rural health care.”
Doctors qualifying for the tax credit will be allowed to receive it for four years as long as they remain qualified. There would be a $1 million cap on the cumulative total of credits that could be claimed in any one year.
HB 2089 defines qualifying doctor as a medical doctor or osteopathic physician: who is licensed in Oklahoma on, after, or at any time within the two years prior to January 1, 2022, but not earlier than January 1, 2020;
who has graduated from a college of medicine or completed residency in Oklahoma; and
whose primary residence is located in the same county as the qualifying rural area or within the jurisdiction of a federally recognized tribe and is directly employed by a tribally owned or operated health facility or federal […]