< Back to H.R. 1401 (107th Congress, 2001–2002)

Text of the To amend the Internal Revenue Code of 1986 to exclude from gross income loan payments received under the National Health ...

...the National Health Service Corps Loan Repayment Program established in the Public Health Service Act.

This bill was introduced on April 4, 2001, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 4, 2001 (Introduced).

Download PDF

Source: GPO

HR 1401 IH

107th CONGRESS

1st Session

H. R. 1401

To amend the Internal Revenue Code of 1986 to exclude from gross income loan payments received under the National Health Service Corps Loan Repayment Program established in the Public Health Service Act.

IN THE HOUSE OF REPRESENTATIVES

April 4, 2001

Mr. PHELPS (for himself, Mr. NETHERCUTT, and Mr. RUSH) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income loan payments received under the National Health Service Corps Loan Repayment Program established in the Public Health Service Act.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. INTERNAL REVENUE CODE OF 1986; EXCLUSION FOR LOAN PAYMENTS UNDER NATIONAL HEALTH SERVICE CORPS LOAN REPAYMENT PROGRAM.

    (a) IN GENERAL- Section 117 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

    ‘(e) LOAN PAYMENTS UNDER NATIONAL HEALTH SERVICE CORPS LOAN REPAYMENT PROGRAM- Gross income shall not include any amount received under section 338B(g) of the Public Health Service Act.’

    (b) EFFECTIVE DATE- The amendment made by subsection (a) shall apply to amounts received by an individual in taxable years beginning after December 31, 2000.