Congress Affirms Value and Tax-Exempt Status of Fraternal Benefit Societies.
Congress formally expresses its view that tax-exempt fraternal benefit societies provide essential benefits, such as life and health insurance, and critical charitable services to US communities. The resolution emphasizes that these organizations, operating through a vast volunteer network, are a successful private sector support system. It concludes that maintaining their tax-exempt status (under 501(c)(8)) is beneficial and should continue to be promoted.
Key points
The resolution supports the continuation of the tax-exempt status for fraternal benefit societies (501(c)(8)).
These societies provide private benefits (life, health, accident insurance) and charitable activities valued at billions annually, strengthening local communities.
The work of these organizations helps citizens achieve financial security, thereby reducing reliance on government safety net programs.
Status:
Expired
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