Mass. Gen. Laws ch. 175F § 16
Current through Chapter 112 of the 2024 Legislative Session
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.
Mass. Gen. Laws ch. 175F, § 16