S. 1548: Nurse Corps Tax Parity Act of 2025

This bill, known as the Nurse Corps Tax Parity Act of 2025, aims to modify the Internal Revenue Code of 1986 to change the tax treatment of certain payments related to the Nurse Corps. Here are the key points of the bill:

Tax Treatment Changes

The bill proposes amendments to specific sections of the Internal Revenue Code to ensure that certain payments received by members of the Nurse Corps are not counted as taxable income. Specifically, it modifies the criteria for exclusion from gross income of qualifying payments. This change would apply to payments from both the Public Health Service Act and a specified scholarship program under the same act.

Impacted Sections of the Tax Code

• **Section 108(f)**: The bill updates this section to reflect which payments are excluded from taxable income by including payments from a new scholarship program.
• **Section 117(c)(2)**: The bill expands the definition of qualified scholarships to encompass those provided under the new scholarship program associated with the Nurse Corps.

Effective Date

The changes will come into effect for amounts received in taxable years starting after the bill is enacted.

Summary of Intent

Overall, the intent of this bill is to enhance the financial situation of Nurse Corps members by excluding certain payments from taxation, thereby allowing them to retain more of the funds they receive for their service. This is designed to make careers in nursing through the Nurse Corps more attractive and financially viable.

Relevant Companies

None found