Bill > S1548

This bill amends the Internal Revenue Code to provide tax treatment for certain Nurse Corps payments. Specifically, the bill modifies two sections of the tax code to exclude certain payments from gross income and treat them similarly to other qualified scholarships. The changes would allow payments received through the Nurse Corps scholarship program (section 846 of the Public Health Service Act) to be treated the same way as other healthcare-related scholarship payments for tax purposes. This means that participants in the Nurse Corps scholarship program would not have to pay income tax on their scholarship funds, similar to how other healthcare scholarship recipients are currently treated. The tax changes would apply to amounts received in taxable years beginning after the date the bill is enacted. By providing this tax parity, the bill aims to make the Nurse Corps scholarship program more financially attractive and support recruitment of healthcare professionals in underserved areas.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1548/all-info