Fraternal benefit associations
Sec. 23. (a) Subject to the limitations contained in subsection (b)
of this section, tangible property is exempt from property taxation if
it is owned by a fraternal beneficiary association which is
incorporated, organized, or licensed under the laws of this state.
(b) This exemption does not apply to real property unless it is
actually occupied and exclusively used by the association in carrying
out the purpose for which it was incorporated, organized, or licensed.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006