Word: exempt
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Dates: during 1950-1959
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...Defense Production Act, extension of rent control and all major Administration control and tax programs, with one exception. The exception: in 1947, voted with Republicans to override the President's veto of the $4 billion Republican reduction of income taxes. AGAINST (with Truman): the Kerr bill to exempt independent natural gas companies from federal regulation; the Capehart amendment to require automatic price increases to balance rises in production costs...
...Bureau held that a grant is tax-exempt only when it is solely for an individual's training or education, and "no services are rendered as consideration therefor...
...Allow Harvard groups to hold joint meetings with outside groups when the purposes are "clearly educational." A strict application of the present rule would bar intercollegiate debates from College buildings, for example, and the council's suggested rule would adequately protect the University's tax-exempt status...
...requirement that admission fees must be for purposes of supporting the organization should be replaced by one saying that admission fees are permissible if they do not endanger the University's tax-exempt status...
...cheery week for the Met and for U.S. symphony orchestras. After Nov. 1, thanks to the new federal tax law, nonprofit musical organizations are exempt from the 20% federal admissions tax. ¶TheNew York Philharmonic-Symphony got a separate windfall. Grieved by news that the Philharmonic suffered its worst deficit in history last year ($110,000), the 65 musicians of the Austin (Texas) Symphony Orchestra (last year's deficit: $4,000) chipped in $1 apiece, sent their collection along to help the New Yorkers...