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Tax Relief for Veterinarians Repaying Student Loans

This act amends tax laws to assist veterinarians with their student loan repayments. Under this new rule, funds received for loan repayment or forgiveness through programs designed to increase access to veterinary services will not be considered taxable income. This change aims to provide greater financial support to veterinarians working in underserved areas, potentially encouraging more professionals to settle there.
Key points
Student loan repayment or forgiveness assistance for veterinarians will be exempt from federal income tax.
The change aims to encourage veterinarians to practice in areas with limited access to veterinary services, improving animal care.
These new rules apply to amounts received in taxable years beginning after December 31, 2021.
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Additional Information
Print number: 117_HR_2447
Sponsor: Rep. Kind, Ron [D-WI-3]
Process start date: 2021-04-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veterinary Medicine Loan Repayment Program Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2447.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-12.

What are the main provisions?

Key points include:

  • Student loan repayment or forgiveness assistance for veterinarians will be exempt from federal income tax.
  • The change aims to encourage veterinarians to practice in areas with limited access to veterinary services, improving animal care.
  • These new rules apply to amounts received in taxable years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kind, Ron [D-WI-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

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