Bill > HR1758

This bill amends the Internal Revenue Code to provide a tax benefit for dental school faculty who participate in certain federally subsidized loan repayment programs. Specifically, the legislation modifies Section 108(f)(4) of the tax code to exclude from gross income loan repayments made under a grant or contract awarded through the Dental Faculty Development and Loan Repayment Program. The bill aims to support dental education by making it more financially attractive for professionals to become full-time faculty members, potentially helping to address shortages in dental education and community-based dental care. As part of the bill's implementation, the Government Accountability Office (GAO) is required to conduct a review and report to Congress on the program's effectiveness, examining how many dental providers and faculty members remain teaching and practicing in dental clinics at schools, hospitals, and community sites after receiving loan repayment assistance. The tax exclusion will apply to amounts received in taxable years beginning after the date of the bill's enactment.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1758/all-info