[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1163 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 1163
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.
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IN THE SENATE OF THE UNITED STATES
March 27, 2025
Mr. Crapo (for himself, Ms. Smith, Mr. Boozman, Ms. Collins, Mr. Coons,
Mrs. Gillibrand, Mrs. Hyde-Smith, Mr. King, Ms. Klobuchar, Ms. Lummis,
Mr. Moran, Mr. Ossoff, Mr. Risch, and Mr. Marshall) 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 provide for an exclusion
for assistance provided to participants in certain veterinary student
loan repayment or forgiveness programs.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Rural Veterinary Workforce Act''.
SEC. 2. EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN CERTAIN
VETERINARY STUDENT LOAN REPAYMENT OR FORGIVENESS
PROGRAMS.
(a) In General.--Paragraph (4) of section 108(f) 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, 2025.
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