SB3817

SB3817 amends the Property Tax Code to expand the definition of charitable purposes for tax exemption.

SB3817 amends the Property Tax Code to clarify and expand the definition of charitable purposes for tax exemption. The bill specifies that certain organizations, including those exempt under paragraph (3) of Section 501(c) of the Internal Revenue Code, are eligible for tax exemption if they use their property exclusively for charitable or beneficent purposes. This includes institutions of public charity, free public libraries, historical societies, and not-for-profit organizations providing services to members at prepaid rates.