§ 8-405. Taxation of societies

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(a) Societies deemed to be charitable and benevolent institutions. -- A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.

(b) Funds exempt from taxation. -- The funds of a society organized or authorized to transact business under this subtitle are exempt from all taxes, except taxes on real estate and office equipment.

HISTORY: An. Code 1957, art. 48A, § 344; 1995, ch. 36.

                    
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