“To amend the Internal Revenue Code of 1986 to exclude certain health professions education scholarship and loan payments from gross income.”
No CRS summary available for this bill.
This section excludes from gross income (1) amounts received under specified Public Health Service Act (PHS Act) loan repayment programs (sections 338B(g), 846(a), 738(a), 775, and 781), state loan repayment programs under PHS Act section 338I, and other state loan repayment or forgiveness programs for health care services in underserved or health professional shortage areas; and (2) scholarships under PHS Act sections 846 and 338K and section 10 of the Native Hawaiian Health Care Improvement Act. (Thus, these programs—which provide financial incentives for health professionals to serve in underserved areas—are not subject to federal income tax.) The amendments apply to amounts received in taxable years beginning after the date of enactment.