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Nurse Corps Tax Parity Act of 2023

12/15/2023, 4:07 PM

Summary of Bill S 1446

Bill 118 s 1446, also known as the Nurse Corps Tax Parity Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide tax relief to nurses who participate in the Nurse Corps Loan Repayment Program.

The Nurse Corps Loan Repayment Program is a federal program that helps to alleviate the shortage of nurses in underserved communities by offering loan repayment assistance to nurses who agree to work in these areas for a certain period of time. However, currently, the loan repayment assistance provided to nurses through this program is considered taxable income, which can create a financial burden for these nurses.

The Nurse Corps Tax Parity Act of 2023 seeks to address this issue by exempting the loan repayment assistance received by nurses through the Nurse Corps Loan Repayment Program from federal income tax. This would provide much-needed financial relief to nurses participating in the program and help to incentivize more nurses to work in underserved communities. Overall, the Nurse Corps Tax Parity Act of 2023 aims to support and encourage nurses to provide essential healthcare services in areas that are most in need, ultimately improving access to quality healthcare for all Americans.

Congressional Summary of S 1446

Nurse Corps Tax Parity Act of 2023

This bill excludes from taxpayer gross income, for income tax purposes, amounts attributable to Nurse Corps scholarships and loan repayment programs.

Read the Full Bill

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Current Status of Bill S 1446

Bill S 1446 is currently in the status of Bill Introduced since May 4, 2023. Bill S 1446 was introduced during Congress 118 and was introduced to the Senate on May 4, 2023.  Bill S 1446's most recent activity was Read twice and referred to the Committee on Finance. as of May 4, 2023

Bipartisan Support of Bill S 1446

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
22
Democrat Cosponsors
16
Republican Cosponsors
4
Unaffiliated Cosponsors
2

Policy Area and Potential Impact of Bill S 1446

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1446

Nurse Corps Tax Parity Act of 2023
Nurse Corps Tax Parity Act of 2023
A bill to amend the Internal Revenue Code of 1986 to exclude certain Nurse Corps payments from gross income.

Comments

Sponsors and Cosponsors of S 1446

Jeff Merkley
Jeff Merkley
OregonDemocrat
Sheldon Whitehouse
Sheldon Whitehouse
Rhode IslandDemocrat
Peter Welch
Peter Welch
VermontDemocrat
Roger F. Wicker
Roger F. Wicker
MississippiRepublican
Debbie Stabenow
Debbie Stabenow
MichiganDemocrat
Bernard Sanders
Bernard Sanders
VermontIndependent

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