Fraternal benefit society exemption adopted

Lawmakers passed a bill May 7 that provides tax relief to fraternal benefit societies.

LB414, introduced by Omaha Sen. Burke Harr, exempts all fraternal benefit societies from property taxes.

State statute defines a fraternal benefit society as any incorporated, not-for-profit society, order or supreme lodge without capital stock that is conducted solely for the benefit of its members and their beneficiaries.

The bill passed on a 33-13 vote.