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Excludes certain loan-repayment or forgiveness assistance given to participants in eligible veterinary student loan repayment or forgiveness programs from being treated as taxable cancellation-of-indebtedness income. The change amends Section 108(f)(4) of the Internal Revenue Code and applies to amounts received in taxable years beginning after December 31, 2025.
Referred to the House Committee on Ways and Means.
Introduced March 27, 2025 by Adrian Smith · Last progress March 27, 2025