H.R.2398 - Rural Veterinary Workforce Act (119th Congress)
Summary
H.R.2398, the Rural Veterinary Workforce Act, aims to amend the Internal Revenue Code of 1986. It seeks to provide an exclusion for financial assistance received by participants in veterinary student loan repayment or forgiveness programs. The bill focuses on programs designed to increase access to veterinary services, particularly in rural areas.
Expected Effects
This bill, if enacted, would reduce the tax burden on veterinarians who receive loan repayment or forgiveness benefits through specific programs. This could incentivize more veterinarians to practice in underserved rural areas. The change would apply to amounts received in taxable years beginning after December 31, 2025.
Potential Benefits
- Increased access to veterinary services in rural areas.
- Reduced financial burden on veterinarians practicing in underserved communities.
- Potential for improved animal health and public health in rural regions.
- Attracts more veterinary professionals to rural practice.
- Supports the agricultural sector by ensuring access to veterinary care for livestock.
Potential Disadvantages
- Potential revenue loss for the federal government due to the tax exclusion.
- May disproportionately benefit veterinarians in certain states with existing loan repayment programs.
- Could create complexity in tax administration.
- Possible need for further clarification on eligibility criteria for qualifying programs.
- May not fully address all barriers to rural veterinary practice, such as infrastructure and professional support.
Constitutional Alignment
The bill appears to align with the general welfare clause of the Constitution, as it aims to improve access to veterinary services, particularly in rural areas, which can be considered promoting the general welfare. Article I, Section 8 grants Congress the power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States. This bill uses the power to tax to incentivize a specific behavior (practicing veterinary medicine in rural areas) that Congress deems beneficial.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).