Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
116TH CONGRESS
1ST SESSION H. R. 2746
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.
IN THE HOUSE OF REPRESENTATIVES
MAY 15, 2019
Mr. KIND (for himself, Mr. SMITH of Nebraska, Mr. SCHRADER, and Mr.
YOHO) introduced the following bill; which was referred to the Committee
on Ways and Means
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 forgive-
ness programs.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Veterinary Medicine
4
Loan Repayment Program Enhancement Act’’.
5
VerDate Sep 11 2014
04:50 May 29, 2019
Jkt 089200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2746.IH
H2746
kjohnson on DSK79L0C42 with BILLS
2
•HR 2746 IH
SEC. 2. EXCLUSION FOR ASSISTANCE PROVIDED TO PAR-
1
TICIPANTS IN CERTAIN VETERINARY STU-
2
DENT LOAN REPAYMENT OR FORGIVENESS
3
PROGRAMS.
4
(a) IN GENERAL.—Section 108(f)(4) of the Internal
5
Revenue Code of 1986 is amended—
6
(1) by striking ‘‘or’’ after ‘‘such Act,’’;
7
(2) by striking the period at the end and insert-
8
ing ‘‘, under section 1415A of the National Agricul-
9
tural Research, Extension, and Teaching Policy Act
10
of 1977 (7 U.S.C. 3151a), or under any other State
11
loan repayment or loan forgiveness program that is
12
intended to provide for increased access to veteri-
13
nary services in such State.’’; and
14
(3) by striking ‘‘STATE’’ in the heading and in-
15
serting ‘‘OTHER’’.
16
(b) EFFECTIVE DATE.—The amendments made by
17
this section shall apply to amounts received by an indi-
18
vidual in taxable years beginning after December 31,
19
2019.
20
Æ
VerDate Sep 11 2014
04:50 May 29, 2019
Jkt 089200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H2746.IH
H2746
kjohnson on DSK79L0C42 with BILLS