Real estate occupied solely by a wholly controlled subsidiary of a volunteer fire company is not exempt from real estate taxes in Pennsylvania, the state’s Commonwealth Court has held. State law permits exemption of property owned by a charitable organization that is partly occupied by the owner and partly occupied by another charitable organization. Even though the subsidiary operated a day care center that was classified as a 501(c)(3) charitable organization by the Internal Revenue Service, the fire company had stipulated that it did not use any portion of the property for its own purposes. The Court said it could not qualify for the exemption because the fire company that owned the land...