[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 518 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 518

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 SENATE OF THE UNITED STATES

                             March 9, 2011

 Mr. Johnson of South Dakota (for himself, Mr. Crapo, Mr. Harkin, Mr. 
    Moran, Mr. Bennet, Mr. Cochran, Mr. Merkley, Mr. Roberts, Mrs. 
 Gillibrand, Mr. Barrasso, Ms. Landrieu, Mr. Risch, Ms. Klobuchar, and 
 Mr. Isakson) 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.

    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 ``Veterinary Medicine Loan Repayment 
Program Enhancement Act''.

SEC. 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 ``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, 2010.
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