Word: exempt
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Proposition I would allow tenants of rent-controlled apartments to buy the units if they have lived there for two years. Proposition 2 would allow people who have occupied and owned their homes for two years to rent them out exempt from rent control...
...final clubs are registered as "charitable" organizations, though they do not hold tax-exempt status...
...briefly added an endorsement from the Columbus, Ohio, NAACP to his union support, but that was before the group's president reluctantly reversed course under pressure from national headquarters. Melanie J. Mitchell said she was acting to avoid jeopardizing the chapter's tax-exempt status as a non-profit organization...
What Washington must do is make sure that available money is carefully targeted and intelligently spent. Local governments have already taken the lead in offering low-interest loans or tax-exempt bonds to finance housing construction. By providing loans to developers and easing building codes, San Diego has spurred the creation of five new SRO hotels, where tenants pay from $240 to $390 a month. In New York City last week, local officials joined with a community-development group to finance the construction of 1,000 apartments for low-income families; $25 million of the $80 million cost was raised...
Rising property values are also making it tougher to own a final club in Harvard Square. Those big picturesque old piles are just as old and valuable as Harvard's--but Harvard's are tax-exempt, and the clubs must pay taxes at the high business rate...