Pa. High Court Preserves Tax Immunity For Historic Trust

Law360, Philadelphia (October 30, 2013, 3:43 PM EDT) -- The Pennsylvania Supreme Court ruled on Wednesday that property owned elsewhere in the state by the City of Philadelphia as part of a historic trust was not subject to local real estate taxes, reversing a Commonwealth Court decision and reaffirming the trust's unique status. 

In a unanimous decision, the high court concluded that the land in Cumberland County, owned by the city as trustee of the Stephen Girard Trust and leased by the Board of Directors of City Trusts, was immune from taxation because the trust...
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