Section 8-405 - Taxation of societies. - Maryland Statutes

§ 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.]