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IA SF2460
Bill
Status
2/25/2026
Primary Sponsor
Dawn Driscoll
Click for details
AI Summary
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Amends Iowa's rural veterinarian loan repayment program to allow recipients to complete their required four years of full-time veterinary practice by securing new employment or establishing a new practice within the same veterinary shortage area or rural service commitment area, subject to commission rules
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Permits the College Student Aid Commission to grant waivers allowing recipients to fulfill their practice obligation in a different veterinary shortage area or rural service commitment area
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Creates a state income tax exclusion for loan repayment amounts received under the program, allowing recipients to subtract these payments from taxable income
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Caps the income tax exclusion at $15,000 per tax year and $60,000 total across all tax years, with the exclusion never exceeding the outstanding eligible loan balance
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Applies only to recipients who fulfill their obligation to practice veterinary medicine according to the terms of their program agreement with the commission
Legislative Description
A bill for an act providing for the rural veterinarian loan repayment program, including by allowing a loan repayment recipient to exclude net income attributable to loan payments received under the program.
Last Action
Subcommittee: Driscoll, Gruenhagen, and Winckler. S.J. 418.
2/26/2026