(a) The provisions of this article shall not apply to:
(1) Insurance companies which pay the State a tax upon premiums; provided, however, that such exemption shall not extend to that part of the gross income of insurance companies which is received for the use of real property, other than property in which any such company maintains its office or offices, in the State, whether such income is in the form of rentals or royalties;
(2) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(3) Fraternal societies, organizations and associations organized and operated for the exclusive benefit of other members and not for profit: provided, however, that the exemption shall not extend to that part of the gross income arising from the sale of alcoholic liquor, food and related services of such fraternal societies, organizations and associations which are licensed as private clubs by the State of West Virginia;
(4) Corporations, associations and societies organized and operated exclusively for religious or charitable purposes; provided, that the Town may impose its business and occupation tax on any activity of a corporation, association or society organized and operated exclusively for religious or charitable purposes only to the extent that the income generated by the activity is subject to taxation under the provisions of section 511 of the Internal Revenue Code of 1986, as amended;
(5) Any credit union organized under the provisions of West Virginia law: provided, that the exemptions of this section shall not apply to corporations or cooperative associations organized under the provisions of West Virginia Code Article 4, Chapter 19; and
(6) Gross income derived from advertising service rendered in the business of radio and television broadcasting.
(Passed 3-15-22)