S.Amdt. 3670

SA 3670. Mr. CRAPO submitted an amendment intended to be proposed to
amendment SA 3464 submitted by Mr. Thune (for himself and Mr. Nelson)
to the bill H.R. 636, to amend the Internal Revenue Code of 1986 to
permanently extend increased expensing limitations, and for other
purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. 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, 2015.
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