Section 27-34-42
Exemption from taxation.
Every 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 school tax other than taxes on real estate and office equipment.
(Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §714.)