Bill Details
S.1163 - 119th Congress
Status
Latest action
2025-03-27 - Read twice and referred to the Committee on Finance.
Introduced Date
2025-03-27
Policy Area
Taxation
Committees
View committees (1)
Sponsors
Cosponsors
View cosponsors (20)
- Sen. Smith, Tina [D-Minnesota]
- Sen. Boozman, John [R-Arkansas]
- Sen. Collins, Susan M. [R-Maine]
- Sen. Coons, Christopher A. [D-Delaware]
- Sen. Gillibrand, Kirsten E. [D-New York]
- Sen. Hyde-Smith, Cindy [R-Mississippi]
- Sen. King, Angus S., Jr. [I-Maine]
- Sen. Klobuchar, Amy [D-Minnesota]
- Sen. Lummis, Cynthia M. [R-Wyoming]
- Sen. Moran, Jerry [R-Kansas]
- Sen. Ossoff, Jon [D-Georgia]
- Sen. Risch, James E. [R-Idaho]
- Sen. Marshall, Roger [R-Kansas]
- Sen. Murray, Patty [D-Washington]
- Sen. Peters, Gary C. [D-Michigan]
- Sen. Bennet, Michael F. [D-Colorado]
- Sen. Budd, Ted [R-North Carolina]
- Sen. Fetterman, John [D-Pennsylvania]
- Sen. Gallego, Ruben [D-Arizona]
- Sen. Sullivan, Dan [R-Alaska]
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AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would make money received through certain veterinary student loan repayment or loan forgiveness programs tax-free. It is meant to help attract more veterinarians, especially in places where there are not enough veterinary services, by making these benefits less costly for participants. The change would apply to certain federal and state programs that support veterinary workers, and it would start for tax years after December 31, 2025.
- It changes the tax code so assistance from qualifying veterinary loan repayment or forgiveness programs is not counted as taxable income.
- The tax break would cover a federal veterinary loan repayment program and similar state programs designed to improve access to veterinary care.
- The goal is to encourage more veterinarians to work in areas that need more animal health services, especially rural communities.
- The new rule would apply to money received in tax years beginning after December 31, 2025.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1163 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 1163
To amend the Internal Revenue Code of 1986 to provide for an exclusion
for assistance provided to participants in certain veterinary student
loan repayment or forgiveness programs.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 27, 2025
Mr. Crapo (for himself, Ms. Smith, Mr. Boozman, Ms. Collins, Mr. Coons,
Mrs. Gillibrand, Mrs. Hyde-Smith, Mr. King, Ms. Klobuchar, Ms. Lummis,
Mr. Moran, Mr. Ossoff, Mr. Risch, and Mr. Marshall) introduced the
following bill; which was read twice and referred to the Committee on
Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide for an exclusion
for assistance provided to participants in certain veterinary student
loan repayment or forgiveness programs.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Rural Veterinary Workforce Act''.
SEC. 2. EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN CERTAIN
VETERINARY STUDENT LOAN REPAYMENT OR FORGIVENESS
PROGRAMS.
(a) In General.--Paragraph (4) of section 108(f) of the Internal
Revenue Code of 1986 is amended--
(1) by striking ``or'' after ``such Act,'',
(2) by striking the period at the end and inserting ``,
under section 1415A of the National Agricultural Research,
Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3151a), or
under any other State loan repayment or loan forgiveness
program that is intended to provide for increased access to
veterinary services in such State.'', and
(3) by striking ``state'' in the heading and inserting
``other''.
(b) Effective Date.--The amendments made by this section shall
apply to amounts received by an individual in taxable years beginning
after December 31, 2025.
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