summary
Introduced
03/27/2025
03/27/2025
In Committee
03/27/2025
03/27/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
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.
AI Summary
This bill amends the Internal Revenue Code to expand tax exclusions for student loan repayment assistance specifically for veterinarians. Currently, certain student loan repayments are not counted as taxable income. The bill adds new provisions that would exclude from taxation any loan repayments received under national or state veterinary loan repayment programs designed to increase veterinary service access in underserved areas. Specifically, the bill modifies Section 108(f)(4) of the tax code to include loan repayments made under the National Agricultural Research, Extension, and Teaching Policy Act, as well as any state-level veterinary loan repayment or forgiveness programs aimed at improving veterinary service availability. These tax exclusions would take effect for amounts received in taxable years beginning after December 31, 2025. The purpose of the bill appears to be incentivizing veterinarians to work in rural or underserved areas by making loan repayment assistance more financially attractive by removing the tax burden on such assistance.
Committee Categories
Budget and Finance
Sponsors (57)
Adrian Smith (R)*,
Jim Baird (R),
Ami Bera (D),
Jack Bergman (R),
Nikki Budzinski (D),
Mike Carey (R),
Steve Cohen (D),
Jim Costa (D),
Sharice Davids (D),
Don Davis (D),
Suzan DelBene (D),
Randy Feenstra (R),
Brad Finstad (R),
Michelle Fischbach (R),
Marie Gluesenkamp Pérez (D),
Maggie Goodlander (D),
Adam Gray (D),
Josh Harder (D),
Pablo Jose Hernandez (D),
Chrissy Houlahan (D),
Ronny Jackson (R),
Trent Kelly (R),
Timothy Kennedy (D),
Raja Krishnamoorthi (D),
Nick Langworthy (R),
John Larson (D),
Ted Lieu (D),
Seth Magaziner (D),
Tracey Mann (R),
Sarah McBride (D),
April McClain-Delaney (D),
Betty McCollum (D),
Kristen McDonald Rivet (D),
Dan Meuser (R),
Carol Miller (R),
John Moolenaar (R),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Jimmy Panetta (D),
Chris Pappas (D),
Chellie Pingree (D),
Josh Riley (D),
Deborah Ross (D),
David Rouzer (R),
Derek Schmidt (R),
Terri Sewell (D),
Jefferson Shreve (R),
Mike Simpson (R),
Eric Sorensen (D),
Melanie Stansbury (D),
Tom Suozzi (D),
Claudia Tenney (R),
Derrick Van Orden (R),
Gabe Vasquez (D),
Eugene Vindman (D),
Tony Wied (R),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/2398/all-info |
| BillText | https://www.congress.gov/119/bills/hr2398/BILLS-119hr2398ih.pdf |
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