Staff Analysis of the Legislation
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The current House substitute to this bill (LC 28 7974S) changes the definition of 'fraternal benefit association' for ad valorem tax purposes. Currently, the definition applies to those associations which are 501(c)(10) organizations and which received a charter from the legislature prior to January 1, 1880. The changes here add 501(c)(8) organizations and remove the 1880 date and substitutes '125 years ago or more'. The purpose of this is apparently to include one or more associations that were created after 1880 and prior to 1891. The effect will be to include those newly added associations in the exemption from ad valorem taxation for property which they own. |
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Moose Lodges |
