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July 22, 2024 Clouds | 83°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 175F MEDICAL MALPRACTICE SELF–INSURANCE TRUST FUNDS
  5. Section 16 Fund declared to be charitable and benevolent institution; exemption from taxes

Section 16

Section 16: Fund declared to be charitable and benevolent institution; exemption from taxes

Section 16. A fund is hereby declared to be a charitable and benevolent institution, and all of its assets shall be exempt from all and every state, county, district, municipal and school tax, if all of its participants qualify for exemption from federal taxes under 26 U.S.C. Section 501, or qualify for the exclusion from gross income provided under 26 U.S.C. Section 115.