Nurse Corps Tax Parity Act of 2023

Bill: 118-s-1446
Sponsor: full_name: Sen. Merkley, Jeff [D-OR]
Introduced: 2023-05-04
Policy area: Taxation
Latest action: action_date: 2023-05-04
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2023-05-04
action_desc: Introduced in Senate
text: <p> <strong>Nurse Corps Tax Parity Act of 2023 </strong></p> <p>This bill excludes from taxpayer gross income, for income tax purposes, amounts attributable to Nurse Corps scholarships and loan repayment programs.</p>

tv_txt: II 118th CONGRESS 1st Session S. 1446 IN THE SENATE OF THE UNITED STATES May 4, 2023 Mr. Merkley (for himself, Mr. Wicker , Mrs. Murray , Mr. Boozman , Mr. Sanders , Mr. Whitehouse , Ms. Stabenow , Mr. Welch , Ms. Klobuchar , Mr. Kelly , and Mrs. Gillibrand ) 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 certain Nurse Corps payments from gross income.

1. Short title This Act may be cited as the Nurse Corps Tax Parity Act of 2023 . 2. Tax treatment of certain Nurse Corps payments (a) In general Paragraph (4) of section 108(f) of the Internal Revenue Code of 1986 is amended by striking 338B(g) and inserting 338B(g) or 846 . (b) Qualified scholarships Subparagraph (A) of section 117(c)(2) of the Internal Revenue Code of 1986 is amended by striking the Public Health Service Act and inserting the Public Health Service Act or the scholarship program under section 846 of such Act . (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.