Veterinary Medicine Loan Repayment Program Enhancement Act

Bill: 116-hr-2746
Sponsor: full_name: Rep. Kind, Ron [D-WI-3]
Introduced: 2019-05-15
Policy area: Taxation
Subjects: Health care coverage and access

Income tax exclusion

Medical education

Student aid and college costs

Veterinary medicine and animal diseases
Latest action: action_date: 2019-05-15
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-05-15
action_desc: Introduced in House
text: <p><strong>Veterinary Medicine Loan Repayment Program Enhancement Act</strong></p> <p>This bill modifies the requirements for calculating taxable income to exclude from gross income payments under the federal veterinary medicine loan repayment program or any state loan repayment or forgiveness program that is intended to provide for increased access to veterinary services in such state.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2746 IN THE HOUSE OF REPRESENTATIVES May 15, 2019 Mr. Kind (for himself, Mr. Smith of Nebraska , Mr. Schrader , and Mr. Yoho ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide for an exclusion for assistance provided to participants in certain veterinary student loan repayment or forgiveness programs.

1. Short title This Act may be cited as the Veterinary Medicine Loan Repayment Program Enhancement Act . 2. Exclusion for assistance provided to participants in certain veterinary student loan repayment or forgiveness programs (a) In general Section 108(f)(4) of the Internal Revenue Code of 1986 is amended— (1) by striking or after such Act, ; (2) by striking the period at the end and inserting , under section 1415A of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 ( 7 U.S.C. 3151a ), or under any other State loan repayment or loan forgiveness program that is intended to provide for increased access to veterinary services in such State. ; and (3) by striking state in the heading and inserting other . (b) Effective date The amendments made by this section shall apply to amounts received by an individual in taxable years beginning after December 31, 2019.