| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 1163 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to provide for an exclusion |
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| 6 | 6 | | for assistance provided to participants in certain veterinary student loan |
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| 7 | 7 | | repayment or forgiveness programs. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | MARCH27, 2025 |
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| 10 | 10 | | Mr. C |
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| 11 | 11 | | RAPO(for himself, Ms. SMITH, Mr. BOOZMAN, Ms. COLLINS, Mr. |
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| 12 | 12 | | C |
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| 13 | 13 | | OONS, Mrs. GILLIBRAND, Mrs. HYDE-SMITH, Mr. KING, Ms. KLO- |
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| 14 | 14 | | BUCHAR, Ms. LUMMIS, Mr. MORAN, Mr. OSSOFF, Mr. RISCH, and Mr. |
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| 15 | 15 | | M |
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| 16 | 16 | | ARSHALL) introduced the following bill; which was read twice and re- |
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| 17 | 17 | | ferred to the Committee on Finance |
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| 18 | 18 | | A BILL |
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| 19 | 19 | | To amend the Internal Revenue Code of 1986 to provide |
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| 20 | 20 | | for an exclusion for assistance provided to participants |
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| 21 | 21 | | in certain veterinary student loan repayment or forgive- |
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| 22 | 22 | | ness programs. |
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| 23 | 23 | | Be it enacted by the Senate and House of Representa-1 |
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| 24 | 24 | | tives of the United States of America in Congress assembled, 2 |
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| 25 | 25 | | SECTION 1. SHORT TITLE. 3 |
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| 26 | 26 | | This Act may be cited as the ‘‘Rural Veterinary 4 |
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| 27 | 27 | | Workforce Act’’. 5 |
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| 28 | 28 | | VerDate Sep 11 2014 22:41 Apr 01, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1163.IS S1163 |
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| 29 | 29 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 30 | 30 | | •S 1163 IS |
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| 31 | 31 | | SEC. 2. EXCLUSION FOR ASSISTANCE PROVIDED TO PAR-1 |
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| 32 | 32 | | TICIPANTS IN CERTAIN VETERINARY STU-2 |
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| 33 | 33 | | DENT LOAN REPAYMENT OR FORGIVENESS 3 |
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| 34 | 34 | | PROGRAMS. 4 |
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| 35 | 35 | | (a) I |
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| 36 | 36 | | NGENERAL.—Paragraph (4) of section 108(f) 5 |
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| 37 | 37 | | of the Internal Revenue Code of 1986 is amended— 6 |
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| 38 | 38 | | (1) by striking ‘‘or’’ after ‘‘such Act,’’, 7 |
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| 39 | 39 | | (2) by striking the period at the end and insert-8 |
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| 40 | 40 | | ing ‘‘, under section 1415A of the National Agricul-9 |
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| 41 | 41 | | tural Research, Extension, and Teaching Policy Act 10 |
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| 42 | 42 | | of 1977 (7 U.S.C. 3151a), or under any other State 11 |
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| 43 | 43 | | loan repayment or loan forgiveness program that is 12 |
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| 44 | 44 | | intended to provide for increased access to veteri-13 |
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| 45 | 45 | | nary services in such State.’’, and 14 |
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| 46 | 46 | | (3) by striking ‘‘ |
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| 47 | 47 | | STATE’’ in the heading and in-15 |
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| 48 | 48 | | serting ‘‘ |
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| 49 | 49 | | OTHER’’. 16 |
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| 50 | 50 | | (b) E |
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| 51 | 51 | | FFECTIVEDATE.—The amendments made by 17 |
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| 52 | 52 | | this section shall apply to amounts received by an indi-18 |
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| 53 | 53 | | vidual in taxable years beginning after December 31, 19 |
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| 54 | 54 | | 2025. 20 |
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| 55 | 55 | | Æ |
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| 56 | 56 | | VerDate Sep 11 2014 22:41 Apr 01, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1163.IS S1163 |
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| 57 | 57 | | ssavage on LAPJG3WLY3PROD with BILLS |
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