Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > I > 530.0000 INSURANCE COMPANIES > 530.0001

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

A    B    C    D    E    F    G    H    I    L    M    N    O    P    R    S    T    U    V    W   

I

530.0000 INSURANCE COMPANIES

Annotation 530.0001

530.0001 Fraternal Benefit Societies. Insurance Code section 10993 declares fraternal benefit societies to be charitable and benevolent institutions and exempts their funds from all state and local taxes except taxes on their real property and office equipment. Such real property and office equipment are subject to local assessment.

The term "office equipment" includes office machinery and equipment, supplies, data processing equipment, and all other property typically found in a business office. LTA 11/16/1979 (No. 79/198).