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Tax Exemption for Nurse Corps Payments: Scholarships and Loan Repayments.

This act amends tax law to ensure that financial payments received by nurses through the Nurse Corps program, such as scholarships and loan repayments, are excluded from gross income. This change increases the net financial benefit for participating nurses, making the program more attractive for healthcare professionals. The new rules apply to amounts received in tax years starting after the law is enacted.
Key points
Nurse Corps scholarship and loan repayment funds will no longer be counted as taxable income for federal tax purposes.
Increases the financial incentive for nurses participating in programs designed to address healthcare workforce shortages.
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Additional Information
Nurse Corps Tax Parity Act of 2023
Print number: S 1446
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2023-05-04