Establishes a rural veterinarian loan repayment program, allowing recipients to exclude certain income from taxes.

The bill establishes a rural veterinarian loan repayment program administered by the college student aid commission. It provides for the repayment of student loans to individuals in their final year of veterinary school or recently licensed veterinarians. Recipients must practice veterinary medicine in a rural area for four years. The bill allows recipients to exclude up to $15,000 per tax year and $60,000 in total from their taxable income for loan payments received under the program. The exclusion cannot exceed the amount of the outstanding eligible loan.

Establishes a rural veterinarian loan repayment program, allowing recipients to exclude certain income from taxes.

The bill establishes a rural veterinarian loan repayment program administered by the college student aid commission. It provides for the repayment of student loans to individuals in their final year of veterinary school or recently licensed veterinarians. Recipients must practice veterinary medicine in a rural area for four years. The bill allows recipients to exclude up to $15,000 per tax year and $60,000 in total from their taxable income for loan payments received under the program. The exclusion cannot exceed the amount of the outstanding eligible loan.