Rural Veterinary Workforce Act

Bill: 118-hr-4355
Sponsor: full_name: Rep. Smith, Adrian [R-NE-3]
Introduced: 2023-06-23
Policy area: Taxation
Latest action: action_date: 2023-06-23
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-06-23
action_desc: Introduced in House
text: <p><strong>Rural Veterinary Workforce Act&nbsp;</strong></p><p>This bill excludes from gross income, for income tax purposes, student loan repayment or forgiveness assistance provided to veterinarians practicing in rural areas of a state.&nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4355 IN THE HOUSE OF REPRESENTATIVES June 23, 2023 Mr. Smith of Nebraska (for himself, Mr. Larson of Connecticut , Mrs. Fischbach , and Mr. Panetta ) 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 Rural Veterinary Workforce 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, 2023.