The Rural Veterinary Workforce Act amends tax law to exclude veterinary student loan repayment and forgiveness assistance from taxable income. Currently, when borrowers receive help paying off student loans through federal or state programs, that assistance is treated as taxable income. This bill expands the existing tax exclusion to cover veterinarians who receive loan repayment assistance through federal programs or any state program designed to increase access to veterinary services in underserved areas. The change applies to any loan repayment or forgiveness amounts received after December 31, 2025. By making this assistance tax-free, the legislation aims to incentivize veterinarians to work in rural areas where there are shortages of veterinary professionals and services.
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