H.R. 2398 modifies the federal tax code to exclude veterinary student loan repayment and forgiveness assistance from taxable income. Currently, when students receive help paying off education loans through certain programs, they may owe taxes on that assistance as if it were regular income; this bill removes that tax burden for veterinarians who receive loan repayment aid. The legislation applies to participants in federal veterinary loan repayment programs and any state-level veterinary loan forgiveness programs designed to improve veterinary service access in rural areas. The tax exclusion becomes effective for assistance received in 2026 and beyond. By removing the tax penalty for loan assistance, the bill aims to make rural veterinary practice more financially attractive and help address the shortage of veterinarians in rural communities.
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