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Texas Insurance Code - INS § 885.003. Exemption from Taxation

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A fraternal benefit society organized or holding a certificate of authority under this chapter, including the former Chapter 10 of this code and Chapter 8, Title 78, Revised Statutes, is a charitable and benevolent institution. Except as provided by Subsection (b), all funds of a fraternal benefit society described by this subsection are exempt from any state, county, district, municipal, or school tax, including an occupation tax.

(b) Real estate or office equipment used for a purpose other than a lodge purpose is subject to taxation.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.003. Exemption from Taxation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-003/

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