113 S553 IS: Veterinary Medicine Loan Repayment Program Enhancement Act U.S. Senate 2013-03-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 113th CONGRESS 1st Session S. 553 IN THE SENATE OF THE UNITED STATES March 13, 2013 Mr. Johnson of South Dakota (for himself, Mr. Crapo, Ms. Collins, Mrs. Gillibrand, Ms. Hirono, Mr. Isakson, Ms. Klobuchar, Ms. Landrieu, Mr. Merkley, Mr. Moran, Mr. Roberts, Ms. Stabenow, Mr. Tester, Mr. Bennet, Mr. Cochran, and Mr. Risch) introduced the following bill; which was read twice and referred to the Committee on Finance 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.

1.

Short title

This Act may be cited as the Veterinary Medicine Loan Repayment Program Enhancement Act.

2.

Exclusion for assistance provided to participants in certain veterinary student loan repayment or forgiveness programs

(a)

In general

Paragraph (4) of section 108(f) of the Internal Revenue Code of 1986 is amended— (1)by striking or after such Act,, (2)by striking the period at the end and inserting , under section 1415A of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3151a), or under any other State loan repayment or loan forgiveness program that is intended to provide for increased access to veterinary services in such State., and (3)by striking state in the heading and inserting other. (b)

Effective date

The amendments made by this section shall apply to amounts received by an individual in taxable years beginning after December 31, 2012.