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Tax relief for dental faculty: loan repayments become tax-free.

This bill aims to exclude certain federally subsidized loan repayments for dental school faculty from taxable income. This means that money received to pay off student loans will not be counted as taxable income, potentially encouraging more individuals to pursue careers as dental educators and improving access to dental care.
Key points
Federally subsidized loan repayments for dental school faculty will no longer be subject to income tax.
The change applies to amounts received in taxable years beginning after the act's enactment date.
A report will assess the program's impact on faculty retention in dental schools and clinics.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1758
Sponsor: Rep. Van Drew, Jefferson [R-NJ-2]
Process start date: 2025-02-27