Tax-Exempt VFD Loans
Tax-exempt status is now available for loans to volunteer fire departments issued after December 1980.
This is provided in Section 103i of the IRS Code, and is a result of Public Daw 97-34, Title VIII, subtitle B section 812 of the Economic Recovery Act of 1981. The tax-exempt loan status was supported by the National Volunteer Fire Council.
Information on obtaining these loans is available from: Assistant Commissioner, Technical, Individual Income Tax Rranch, Internal Revenue Service, 1111 Constitution Ave., Washington, D.C. 20224.
