To amend the Internal Revenue Code of 1986 to exclude certain health professions education scholarship and loan payments from gross income.

Hozzl · 2024-12-19T09:06:53Z

Explore the details of House Bill 10280 To amend the Internal Revenue Code of 1986 to exclude certain health professions education scholarship and loan payments from gross income. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

12/19/2024, 9:06 AM

Summary of Bill HR 10280

Bill 118 hr 10280, also known as the Health Professions Education Scholarship and Loan Payment Exclusion Act, aims to make changes to the Internal Revenue Code of 1986. The main purpose of this bill is to exclude certain health professions education scholarship and loan payments from being counted as gross income.

This bill is important because it will provide relief to individuals in the health professions who have received scholarships or loan payments for their education. By excluding these payments from gross income, individuals will not have to pay taxes on this financial assistance, making it easier for them to pursue their education and careers in the healthcare field.

The bill is designed to support and incentivize individuals to enter and stay in the healthcare profession by alleviating some of the financial burdens associated with education and student loans. This could ultimately help address shortages in healthcare professionals and improve access to quality healthcare services for all Americans. Overall, Bill 118 hr 10280 is a positive step towards supporting healthcare professionals and ensuring that they have the resources they need to succeed in their careers.

Current Status of Bill HR 10280

Bill HR 10280 is currently in the status of Bill Introduced since December 3, 2024. Bill HR 10280 was introduced during Congress 118 and was introduced to the House on December 3, 2024. Bill HR 10280's most recent activity was Referred to the House Committee on Ways and Means. as of December 3, 2024

Bipartisan Support of Bill HR 10280

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 10280

Primary Policy Focus

Alternate Title(s) of Bill HR 10280

To amend the Internal Revenue Code of 1986 to exclude certain health professions education scholarship and loan payments from gross income.

Comments

Philip Day

1,104

1 year ago

I think this bill is good because it helps with student loans. It will make it easier for people to pay back their loans. This is important for me because I have student loans too.