providing for tax credits in certain cases; conferring powers
and imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations and
other entities; prescribing crimes, offenses and penalties,'
further providing, in sales and use tax, for definitions, for
imposition, for exclusions, for licenses, for collection, for
bulk and auction sales and for crimes; providing, in local tax
situs, for situs of mobile telecommunications services; further
providing, in personal income tax, for definitions, for classes
of income, for special tax provisions for poverty, for
contributions, for bulk and auction sales and transfers; in
corporate net income tax, for definitions, for imposition and
for interest in unincorporated entities; and in capital stock
and franchise tax, for definitions, for imposition, for deposit
of proceeds, for interest in unincorporated entities and for
applicability and expiration; establishing revenue-neutral
reconciliation in utilities gross receipts tax; providing, in
public utility realty tax and for surcharge; further providing,
in realty transfer tax, for furnishing stamps; in cigarette tax,
for incidence and rate, for floor tax, for commissions on sales
and for disposition of certain funds; in research and
development tax credit, for time limitations and for
termination; in inheritance tax, for definitions, for transfers
not subject to tax and for estate tax and for estate tax
returns; providing for immediate assessment, settlement or
collection and for depreciation of certain property in cities of
the first class; and making repeals," by providing for loans to
volunteer fire, ambulance and rescue companies to protect the
lives and property of the citizens of this Commonwealth pursuant
to and to execute the above favorable referenda in subsection
(a).] The General Assembly has determined that [volunteer] fire
companies and emergency medical services companies are most in
need of loans [and therefore intends that, to the extent
possible, a significant portion of the Volunteer Companies Loan
Fund be used to provide loans to volunteer fire companies and
that the balance be allocated to provide loans to volunteer
ambulance and volunteer rescue companies]. The General Assembly
intends that the loans provided under this subchapter be used to
replace outmoded or unsafe equipment and buildings of
[volunteer] fire companies and [that the loans be provided to
volunteer companies which are experiencing a need for equipment
or facilities] emergency medical services companies to meet an
increasing demand for a higher level of service in the
communities which they serve.
Section 3. The definition of "Volunteer Companies Loan Fund"
in section 7363 of Title 35 is amended and the section is
amended by adding definitions to read:
§ 7363. Definitions.
The following words and phrases when used in this subchapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
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