Sec. 885.003. EXEMPTION FROM TAXATION. (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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 885 - Fraternal Benefit Societies
Subchapter A. General Provisions
Section 885.002. Limited Exemption From Insurance Laws
Section 885.003. Exemption From Taxation
Section 885.004. Inapplicability to Certain Societies
Section 885.005. Fraternal Benefit Societies That Provide Benefits Resulting From Accidents Only