[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 553 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 553

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 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.

    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 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.
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