S 1419
102th Congress
Senate
Taxation
Education
Health
Income tax
Interest
Medical education
Nurse practitioners
Nurses
Physicians
Physicians' assistants
Rural public health
Student loan funds
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for amounts paid by a health care professional as interest on student loans if the professional agrees to practice medicine for at least 2 years in a rural community.
Introduced: June 28, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 1991
Read twice and referred to the Committee on Finance.
Jun 28, 1991
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow an itemized deduction for personal interest paid on an education loan by a health care professional (medical doctor, registered nurse, nurse-practitioner, or physician's assistant) performing services in a rural community or on certain Indian reservations for at least 24 consecutive months under a written agreement. Limits such deduction to $5,000.
Allows the computation of such deduction in determining adjusted gross income.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1