What does Preamble of S 1163 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would provide an exclusion for assistance given to individuals participating in specific veterinary student loan repayment or forgiveness programs.

What does SHORT TITLE. of S 1163 do?

This bill is formally titled the Rural Veterinary Workforce Act.

What does EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN CERTAIN of S 1163 do?

This section amends section 108(f) of the Internal Revenue Code of 1986. The amendment expands exclusions for assistance received under the National Agricultural Research, Extension, and Teaching Policy Act of 1977, section 1415A, or other state loan repayment or loan forgiveness programs. These programs must be intended to provide for increased access to veterinary services. The heading of the provision is modified to reflect the inclusion of 'other' programs. The amendments apply to amounts received by individuals in taxable years beginning after December 31, 2025.

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Rural Veterinary Workforce Act — S. 1163

Last updated: 3/27/2025 · Introduced: 3/27/2025

Author: Mike Crapo (R-ID)

TL;DR (AI)

This bill excludes certain student loan repayment or forgiveness assistance for veterinarians from taxable income, expanding existing exclusions under the National Agricultural Research, Extension, and Teaching Policy Act of 1977 and allowing for state programs.
The exclusion applies to assistance received for programs intended to increase access to veterinary services in rural areas.
These changes take effect for taxable years beginning after December 31, 2025.

119th Congressin committeeHR. 2398(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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