Pennsylvania § 9372 - Tax exempt status.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9372 — Tax exempt status., with citation guidance and answers to common questions.
§ 9372. Tax exempt status.
(a) Exemption from local taxes.--
(1) Subject to paragraph (2), the following shall be exempt from county, city, borough, town, township, school, bounty, poor or head taxes:
(i) A building owned and occupied by a local library.
(ii) The land on which a local library stands.
(iii) Land that is immediately and necessarily appurtenant to a local library.
(2) Paragraph (1) applies even if some portion of the building or land yields rental income to the corporation or association managing the library, if the net rental receipts of the corporation or association are used solely to maintain the library.
(b) Exemption from inheritance taxes.--A gift, devise, grant or endowment made to a local or national library shall be free from collateral inheritance tax.
(c) Exemption for investment interest.--A gift, endowment or fund of a local library which is invested in an interest-bearing security shall be exempt from State tax on money at interest, if that income is used solely for the purchase of books or the maintenance of the library.
Frequently Asked Questions About Pennsylvania § 9372
What does Pennsylvania Consolidated Statutes § 9372 cover?
Section 9372 ("Tax exempt status.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 9372?
A common citation format is "Pennsylvania Consolidated Statutes § 9372" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9372 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.