Sec. 5. Public service programs
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Title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) is amended— in section 428J(c) ( 20 U.S.C. 1078–10(c) )— in paragraph (1), by striking $5,000 and inserting $21,970.46 ; and by striking paragraph (3); and in section 460(c) ( 20 U.S.C. 1087j(c) )— in paragraph (1), by striking $5,000 and inserting $21,970.46 ; and by striking paragraph (3). Section 338B(f)(1)(B)(iv) of the Public Health Service Act ( 42 U.S.C. 254l–1(f)(1)(B)(iv) ) is amended by striking 2 years and inserting 5 years .
Section 338B(g)(2)(A) of the Public Health Service Act ( 42 U.S.C. 254l–1(g)(2)(A) ) is amended by striking up to $50,000, plus, beginning with fiscal year 2012, an amount determined by the Secretary on an annual basis to reflect inflation and inserting up to $100,000, plus, beginning with fiscal year 2020, an amount determined by the Secretary on an annual basis to reflect inflation . Section 846(a)(3) of the Public Health Service Act ( 42 U.S.C. 297n(a)(3) ) is amended by striking not less than two years and inserting not less than four years .
Section 846(a)(2) of the Public Health Service Act ( 42 U.S.C. 297n(a)(2) ) is amended by striking subpart II and inserting this part . Section 846(b) of the Public Health Service Act ( 42 U.S.C. 297n(b) ) is amended— in paragraphs (1), (2), and (3), by striking 30 percent each place it appears and inserting 25 percent ; and by adding at the end the following: Upon completion by that individual of a fourth year of such service, the Secretary shall pay another 25 percent of the principal of, and the interest on each such loan. .
Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139F the following new section: Gross income shall not include the value of any loan repayment (of principal or interest) made by the Secretary of Health and Human Services under section 846 of the Public Health Service Act. Notwithstanding any other provision of this subtitle, no deduction or credit shall be allowed for, or by reason of, any expenditure to the extent of the amount excluded under subsection
(a)for any subsidy, rebate or other amount which was provided with respect to such expenditure. The adjusted basis of any property shall be reduced by the amount excluded under subsection
(a)which was provided with respect to such property. . Section 1016(a) of such Code is amended by striking and at the end of paragraph (36), by striking the period at the end of paragraph
(37)and inserting , and , and by adding at the end the following new paragraph: to the extent provided in section 139G(b). . The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139F the following new item: Sec. 139G. Nursing education loan repayments. . The amendments made by this paragraph shall apply to payments made after the date of the enactment of this Act, in taxable years ending after such date. Section 776(g) of the Public Health Service Act ( 42 U.S.C. 295f–1(g) ) is amended to read as follows: To carry out this section, there are authorized to be appropriated, and are appropriated, out of any monies in the Treasury not otherwise appropriated, $195,000,000 for fiscal year 2018 and $100,000,000 for each of fiscal years 2019 through 2022. .
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- 20 USC 1078–10(c)
- 42 USC 254l–1(f)(1)(B)(iv)
- 42 USC 254l–1(g)(2)(A)
- 42 USC 295f–1(g)
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Sec. 5
Public service programs
Cite20 USC 1078–10(c)
Cite42 USC 254l–1(f)(1)(B)(iv)
Cite42 USC 254l–1(g)(2)(A)
Cite42 USC 295f–1(g)
Cites 7Cited by 0 across 0 sources