This Act changes the Internal Revenue Code to exclude certain Nurse Corps payments and a Nurse Corps scholarship program from gross income. It amends two code sections to add the scholarship program under section 846 of the Public Health Service Act to lists of tax-exempt payments. The changes apply to amounts received in taxable years beginning after the Act is enacted.
If you receive Nurse Corps payments or scholarships covered by section 846, you would not include those amounts in your taxable income for tax years after the Act takes effect. People who do not receive these payments are not directly affected.
No publicly available information.
Supporters say the change makes Nurse Corps payments and the section 846 scholarship program tax-exempt by adding them to existing tax-exclusion rules.
No publicly available information.