The bill would exclude certain repayments made through a federally funded dental faculty loan repayment program from recipients’ taxable income. It would also direct the Comptroller General to report on dental providers’ and faculty members’ participation in the program and whether they remain in full-time teaching and clinical work after receiving funding. The bill was introduced and referred to the Senate Committee on Finance.
If enacted, eligible dental school faculty receiving repayments through the program would not include those amounts in gross income for tax years beginning after enactment. The bill does not describe individual eligibility rules. The required report would examine where participants work and whether they continue teaching and practicing.
No publicly available information on estimated costs or savings. The bill would change the tax treatment of certain loan repayments.
No publicly available information.
No publicly available information.