II
111th CONGRESS
2d Session
S. 3621
IN THE SENATE OF THE UNITED STATES
July 21, 2010
Mr. Johnson (for himself, Mr. Crapo, Mr. Brownback, Mr. Cochran, Mr. Risch, Mr. Bennet, Ms. Klobuchar, Mr. Franken, Ms. Snowe, Mr. Dorgan, Mr. Johanns, and Mr. Harkin) 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.
Short title
This Act may be cited as the
Veterinary Medicine Loan Repayment
Program Enhancement Act
.
Exclusion for assistance provided to participants in certain veterinary student loan repayment or forgiveness programs
In general
Paragraph (4) of section 108(f) of the Internal Revenue Code of 1986 (relating to payments under National Health Service Corps loan repayment program and certain State loan repayment programs) is amended—
by striking
or
after such Act,
,
by striking
such State).
and inserting such State), 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
by striking
state
in the heading and inserting
other
.
Effective date
The amendments made by this section shall apply to amounts received by an individual in taxable years beginning after December 31, 2009.