US SB1548

Excludes Nurse Corps Loan Repayment Program payments (under Section 846 of the Public Health Service Act) from federal taxable income by amending Internal Revenue Code Section 108(f)

Extends tax-free treatment to Nurse Corps Scholarship Program payments by amending the qualified scholarships provision in Section 117(c)(2)

Creates parity with other health professional loan repayment programs (such as the National Health Service Corps under Section 338B) that already receive tax-exempt status

Applies to amounts received in taxable years beginning after the date of enactment

Introduced May 1, 2025 by Senators Wicker (R-MS) and Merkley (D-OR) with bipartisan sponsorship; referred to the Committee on Finance