PENNSYLVANIA, May 11 - (viii) The gross amount of loss of time insurance

benefits, life insurance benefits and proceeds, except

the first $5,000 of the total of death benefit payments.

(ix) Gifts of cash or property, other than transfers

by gift between members of a household, in excess of a

total value of $300.

(2) The term does not include surplus food or other

relief in kind supplied by a governmental agency, property

tax or rent rebate , inflation dividend, Federal veterans'

disability payments or State veterans' benefits.

"Real property taxes." All taxes on a homestead, exclusive

of municipal assessments, delinquent charges and interest, due

and payable during a calendar year.

§ 8593. Exemption.

(a) General rule.--An individual who has an annual household

income of $40,000 or less shall be exempt from the payment of

real property taxes if all of the following apply:

(1) T he individual is 65 years of age or older.

(2) The individual currently resides on the property for

which the exemption is claimed and has maintained residency

on the property for 10 or more years.

(3) Neither the individual nor any other person with

whom the individual owns the property by joint tenancy,

tenancy in common or tenancy by the entireties is currently

claiming or otherwise receiving an exemption under this

subchapter as to other property located in this Commonwealth.

(b) Homestead.--The exemption authorized under subsection

(a) shall apply only to real property taxes on an eligible

claimant's homestead.

§ 8594 . Application for exemption.

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