A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain Federally-subsidized loan repayments for dental school faculty.

Bill: 115-s-10
Sponsor: full_name: Sen. Cardin, Benjamin L. [D-MD]
Introduced: 2018-11-27
Policy area: Taxation
Subjects: Congressional oversight

Dental care

Education programs funding

Government studies and investigations

Health programs administration and funding

Income tax exclusion

Medical education

Student aid and college costs

Teaching, teachers, curricula
Latest action: action_date: 2018-11-27
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2018-11-27
action_desc: Introduced in Senate
text: <p>This bill amends the Internal Revenue Code to exclude from gross income payments received under the federally funded student loan repayment program for full-time faculty members of dental schools with programs in general, pediatric, or public health dentistry.</p> <p>The bill also requires the Government Accountability Office to report to Congress on the participation of dental providers and faculty in areas and schools receiving funding under the program. </p>

tv_txt: II 115th CONGRESS 2d Session S. 10 IN THE SENATE OF THE UNITED STATES November 27, 2018 Mr. Cardin (for himself and Mr. Wicker ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income certain Federally-subsidized loan repayments for dental school faculty.

1. Exclusion of certain Federally-subsidized loan repayments for dental school faculty (a) In general Section 108(f)(4) of the Internal Revenue Code of 1986 is amended by inserting , under a loan repayment program receiving a grant or contract under section 748(a)(2) of such Act after section 338I of such Act . (b) Conforming amendment Section 108(f)(4) of the Internal Revenue Code of 1986 is amended by striking National Health Service Corps loan repayment program and certain State loan repayment programs in the heading thereof and inserting certain Federal and State loan repayment programs . (c) Effective date The amendments made by this section shall apply to amounts received in taxable years beginning after the date of the enactment of this Act. (d) GAO report The Comptroller General of the United States shall review and report to the appropriate committees of Congress on the participation of dental providers and faculty in areas and schools receiving funding from the Dental Faculty Development and Loan Repayment Program under section 748(a)(2) of the Public Health Service Act, including the extent to which they remain full-time faculty teaching and practicing in dental clinics located in dental schools, hospitals, or community-based affiliated sites after receiving funding from the program.