Word: exempt
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Dates: during 1970-1979
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Although University-owned property is legally tax-exempt, the group asserts that Harvard should boost its payment to compensate for the city services on which it draws...
...election-season point of view, Boston city councilors have everything to gain by supporting a resolution that asserts, somewhat ungrammatically, "The spiralling property, tax rate of the City of Boston puts undue hardship on city taxpayers, compounding their payments to the city by their indirect subsidization of tax-exempt institutions...
...other hand, Treasury would take a more lenient than expected stance in taxing money from the sale of a family home. At present, profits on such a sale are not taxed so long as they are reinvested in another home within 18 months. Treasury now proposes in addition to exempt the first $75,000 profit on the sale of a home even if the seller puts the money in the bank rather than using it to buy another house...
...really wanted to make a million bucks wouldn't waste his time writing science fiction, Hubbard contended, he'd start a religion. Hubbard then acted on his own advice, founding the Church of Scientology, which has grown to a multi-million dollar venture so successful that its tax-exempt status is being investigated by the Internal Revenue Service...
...House and Senate conferees appear headed for confrontation this Tuesday over whether to exempt tenured college faculty from the final version of the mandatory retirement bill...