"Contribution." A donation of cash.
"Fund." The Health-Related Industries Educational
Scholarship Program Fund established under section 2603-J.
"Health-related industry." An industry specializing in
health-related services that is authorized to do business in
this Commonwealth and subject to taxes imposed under Article
III, IV, VI, VII, VIII, IX or XV of the Tax Reform Code of 1971
or a tax under Article XVI of the act of May 17, 1921 (P.L.682,
No.284), known as The Insurance Company Law of 1921. The term
includes a pass-through entity.
"Pass-through entity." Any of the following that specializes
in health-related services:
(1) A partnership as defined in section 301(n.0) of the
Tax Reform Code of 1971.
(2) A single-member limited liability company treated as
a disregarded entity for Federal income tax purposes.
(3) A Pennsylvania S corporation as defined in section
301(n.1) of the Tax Reform Code of 1971.
"Program." The Health-Related Industries Educational
Scholarship Program established under section 2602-J.
"Tax Reform Code of 1971." The act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971.
Section 2602-J. Health-Related Industries Educational
Scholarship Program.
(a) Establishment.-- The Health-Related Industries
Educational Scholarship Program is established in the
Pennsylvania Higher Education Assistance Agency.
(b) Use of funds.--The agency may use moneys generated to
provide grants for defraying the necessary expense of residents
of this Commonwealth who are eligible students pursuing an
20150SB0106PN0370 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30