The ADA is signing onto a coalition letter supporting legislation that would allow certain full-time dental faculty members to exclude the amount of their loan forgiveness from federal income taxes.
The Dental Loan Repayment Assistance Act, H.R. 1758 and S. 1080, was reintroduced by Reps. Jeff Van Drew, D.M.D., R-N.J., and Yvette Clarke, D-N.Y., and Sens. Roger Wicker, R-Miss., and Dick Durbin, D-Ill. Specifically, it would allow those participating in the U.S. Health Resources and Services Administration’s Dental Faculty Loan Repayment Program to exclude the amount of their loan forgiveness from income taxes, thus stretching resources toward dental training programs. The coalition urged Congress to advance and pass the bill through budget reconciliation or “another timely legislative vehicle.”
Source: Coalition advocates for bill supporting dental training programs / ADA News