[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 860 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 860

To amend the Internal Revenue Code of 1986 to provide a Federal income 
tax exclusion for assistance provided to participants in State student 
       loan repayment programs for certain health professionals.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 22, 2009

  Mr. Nelson of Nebraska (for himself, Mr. Barrasso, Mr. Merkley, Mr. 
  Johanns, Mr. Carper, Ms. Klobuchar, and Mr. Kaufman) 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 a Federal income 
tax exclusion for assistance provided to participants in State student 
       loan repayment programs for certain health professionals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Health Professionals State Loan 
Repayment Tax Relief Act of 2009''.

SEC. 2. EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN STATE 
              STUDENT LOAN REPAYMENT PROGRAMS FOR CERTAIN HEALTH 
              PROFESSIONALS.

    (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 to read as follows:
            ``(4) Payments under national health service corps loan 
        repayment program and certain state loan repayment programs.--
        In the case of an individual, gross income shall not include 
        any amount received under section 338B(g) of the Public Health 
        Service Act, under a State program described in section 338I of 
        such Act, or under any other State loan repayment or loan 
        forgiveness program that is intended to provide for the 
        increased availability of health care services in underserved 
        or health professional shortage areas (as determined by such 
        State).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts received by an individual in taxable years beginning after 
December 31, 2008.
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