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Tax Exemption for Veterinary Student Loan Repayment Assistance

This act amends tax laws to exclude financial assistance received for veterinary student loan repayment from taxable income. This aims to encourage more individuals to work in underserved areas, improving access to veterinary services for the public.
Key points
Financial aid for veterinary student loan repayment will no longer be considered taxable income.
This applies to both federal and state programs designed to increase access to veterinary services.
The new rules are effective for amounts received in tax years beginning after December 31, 2021.
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Additional Information
Print number: 117_S_2215
Sponsor: Sen. Stabenow, Debbie [D-MI]
Process start date: 2021-06-24
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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_S_2215.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-24.

What are the main provisions?

Key points include:

  • Financial aid for veterinary student loan repayment will no longer be considered taxable income.
  • This applies to both federal and state programs designed to increase access to veterinary services.
  • The new rules are effective for amounts received in tax 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 Sen. Stabenow, Debbie [D-MI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Education Agriculture