A bill for an act creating tax deductions against the individual income tax for veterinarians by providing a deduction for income resulting from rural veterinarian loan repayments and by allowing a deduction for the amount of interest paid on student loans for attendance at a veterinary school, and including retroactive applicability provisions.

Summary

The bill lets Iowa‑licensed veterinarians subtract from their state income tax the income they receive from a rural loan‑repayment program, up to $15,000 per year and $60,000 total, and also deduct the interest they pay on qualified veterinary school loans if they practice in Iowa. The two deductions cannot be claimed in the same year. It applies retroactively to tax years beginning on January 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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