II 111th CONGRESS 2d Session S. 3621 IN THE SENATE OF THE UNITED STATES July 21, 2010 Mr. Johnson (for himself, Mr. Crapo, Mr. Brownback, Mr. Cochran, Mr. Risch, Mr. Bennet, Ms. Klobuchar, Mr. Franken, Ms. Snowe, Mr. Dorgan, Mr. Johanns, and Mr. Harkin) 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 (relating to payments under National Health Service Corps loan repayment program and certain State loan repayment programs) is amended— (1)by striking or after such Act,, (2)by striking such State). and inserting such State), 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, 2009.