Every fraternal benefit society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution; and all of its funds shall be exempt from all and every state, county, district, municipal and state tax other than insurance license taxes as defined by Section 27-15-83 and ad valorem taxes on real estate, office equipment and motor vehicles.Codes, 1930, § 5259; 1942, § 5773; Laws, 1978, ch. 441, § 7, eff. 7/1/1978.
Mississippi Legal Code