While there is a need for medical residency programs in Nevada, the use of a tax credit model to fund the development or expansion of these programs only serves as an end-run around the regular budget process.
A $4M tax credit means Nevada revenues would be decreased by that amount, and it would not be available for appropriation. Instead of SB269, we encourage the legislature to consider a budget appropriation for the Graduate Medical Education Grant Program, so that possible expenditure can be compared to other state needs.
In any state appropriation, we would encourage preference for Nevada’s public institutions. Nevada certainly does not need to replicate our private school voucher tax credit program in the medical field.
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