State Codes and Statutes
Statutes > Maryland > Insurance > Title-8 > Subtitle-4 > 8-405§ 8-405. Taxation of societies.
(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.
[An. Code 1957, art. 48A, § 344; 1995, ch. 36.]
