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US SB1163
Bill
AI Summary
- Amends Internal Revenue Code section 108(f) to exclude veterinary student loan repayment or forgiveness assistance from taxable income
- Covers loan assistance provided under section 1415A of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3151a)
- Extends tax exclusion to state loan repayment or forgiveness programs designed to increase access to veterinary services
- Effective for amounts received in taxable years beginning after December 31, 2025
- Bipartisan sponsorship with 14 original cosponsors including Senators Crapo, Smith, Boozman, and Collins
Legislative Description
Rural Veterinary Workforce Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
3/27/2025
Committee Referrals
Finance3/27/2025
Full Bill Text
No bill text available