SB2172: Dental Loan Repayment Assistance Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain federally subsidized loan repayments for dental school faculty.
Plain-language summary
This bill would let dental school teachers exclude certain federal loan repayment money from their taxable income. Currently, when the government helps pay back student loans, that assistance counts as income and gets taxed. The bill aims to change that rule for dental faculty specifically to make the assistance more valuable. It amends the federal tax code, which sets rules for what income people must report and pay taxes on. The bill was introduced in Congress but has not yet been assigned to a for review.
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SB2172: Dental Loan Repayment Assistance Act of 2023