PA HB737

Amends The General County Assessment Law to remove local tax exemptions from portions of charitable institution property used for commercial purposes or not actually and regularly used for the institution's principal purposes

Affects property owned by hospitals, universities, colleges, seminaries, academies, charitable associations, fire and rescue stations, and other purely public charities currently exempt from county, city, borough, town, township, road, poor, and school taxes

Preserves existing tax exemption requirements that revenue from exempt properties must be applied solely to support the institution's efficiency, facilities, and necessary expansion of grounds and buildings

Maintains tax-exempt status for charitable nonprofit housing organizations receiving federal low-income housing subsidies for at least 95% of residential units, provided surplus funds are monitored and used for charitable purposes

Takes effect 60 days after enactment