42-11129

42-11129. Exemption for property of fraternal
societies

Property that is owned by a fraternal society or organization that is recognized
under section 501(c)(8) of the internal revenue code, if the net earnings of the
fraternal society or organization are devoted exclusively to religious, charitable,
scientific, literary, educational or fraternal purposes, or section 501(c)(10) of the
internal revenue code is exempt from taxation if the property is used predominantly for
educational, charitable or religious purposes and for the purposes authorized under
section 501(c)(8) or 501(c)(10) of the internal revenue code and no portion of the
property is used for the sale of food or beverage to the general public or the
consumption of alcoholic beverages by nonmembers of the fraternal society or organization
or is used or held for profit.