[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 529 Introduced in Senate (IS)]
108th CONGRESS
1st Session
S. 529
To amend the Internal Revenue Code of 1986 to exclude from gross income
loan payments received under the National Health Service Corps Loan
Repayment Program established in the Public Health Service Act.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 5, 2003
Ms. Cantwell, (for herself, Mr. Thomas, Mr. Leahy, Mr. Smith, Mr.
Wyden, Ms. Snowe, Mr. Durbin, Mr. Hagel, Mr. Roberts, and Mr.
Chambliss) 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 exclude from gross income
loan payments received under the National Health Service Corps Loan
Repayment Program established in the Public Health Service Act.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXCLUSION FOR LOAN PAYMENTS UNDER NATIONAL HEALTH SERVICE
CORPS LOAN REPAYMENT PROGRAM.
(a) In General.--Section 117 of the Internal Revenue Code of 1986
is amended by adding at the end the following new subsection:
``(e) Loan Payments Under National Health Service Corps Loan
Repayment Program.--Gross income shall not include any amount received
under section 338B(g) of the Public Health Service Act.''.
(b) Effective Date.--The amendment made by subsection (a) shall
apply to amounts received by an individual in taxable years beginning
after December 31, 2002.
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