Bill > S1080

This bill aims to modify the Internal Revenue Code to provide a tax benefit for dental school faculty who receive federally subsidized loan repayments. Specifically, the bill would exclude from gross income certain loan repayments made under a grant or contract from the Dental Faculty Development and Loan Repayment Program. The legislation updates the existing tax code by broadening the types of loan repayment programs whose repayments can be excluded from taxable income, changing the heading of the relevant section from "National Health Service Corps Loan Repayment Program and Certain State Loan Repayment Programs" to "Certain Federal and State Loan Repayment Programs." The bill also requires the Government Accountability Office (GAO) to conduct a review and report to Congress on the participation of dental providers and faculty in these loan repayment programs, examining how long they remain as full-time faculty teaching and practicing in dental clinics after receiving funding. The tax changes would apply to amounts received in taxable years beginning after the date of the Act's enactment, which is intended to support dental education by making it more financially attractive for faculty to work in academic and community dental settings.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1080/all-info