H.R.11549 - A bill to provide tax incentives to encourage physicians, dentists, and optometrists to practice in physician shortage areas.93rd Congress (1973-1974)
|Sponsor:||Rep. Young, Edward [R-SC-6] (Introduced 11/15/1973)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 11/15/1973 Referred to House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.11549 — 93rd Congress (1973-1974)All Information (Except Text)
Introduced in House (11/15/1973)
Excludes, under the Internal Revenue Code in the case of a physician, dentist, or optometrist who engages in the practice of medicine, dentistry, or optometry, respectively, in a physician shortage area the gross income at the election of the taxpayer of the adjusted gross practice income from such practice in such area to the extent of: (1) $20,000 during the first taxable year of such practice; (2) $15,000 during the second taxable year of such practice; (3) 10,000 during the third taxable year of such practice; (4) $7,500 during the fourth taxable year of such practice; and (5) $5,000 during the fifth taxable year of such practice.
States that such exclusion shall apply to a physician, dentist, or optometrist with respect to practice in a physician shortage area only if he continuously engages in such practice for at least 2 years, commencing with the day on which he first engages in such practice.
Provides that the Secretary of Health, Education, and Welfare shall, on or before November 1 of each year (beginning with 1974), certify the physician shortage areas (if any) in each State for the following calendar year.