[Congressional Record Volume 162, Number 55 (Tuesday, April 12, 2016)]
[Senate]
[Page S1932]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3670. Mr. CRAPO submitted an amendment intended to be proposed to 
amendment SA 3464 submitted by Mr. Thune (for himself and Mr. Nelson) 
to the bill H.R. 636, to amend the Internal Revenue Code of 1986 to 
permanently extend increased expensing limitations, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. 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, 2015.
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