Word: exempt
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Although Harvard's affiliate housing is tax-exempt, the rents it receives do affect city revenues. For the past two decades the University has paid the city 11.11 percent of its annual rent income "in lieu of taxes." The payment came to $989,543 in fiscal 1988. Harvard also paid the city $2,561,642 on its taxable property...
...councillor said Cambridge might gain more revenue if the University were to raise its rents or pay taxes on the buildings. Much of the University's property is tax-exempt because it belongs to an academic institution...
Fordham Headmaster Cornelius McCarthy is baffled as to how good kids could go so far wrong so fast. "James Patrick Cooney was a happy-go-lucky kid, confident of himself." Confident, perhaps cocksure. Away from the protection of adults, Cooney and his friends indulged the illusion they were exempt from death and other mortal coils, as the young tend to do, this time to a deadly...
...deported to Britain rather than Ireland. Doherty, who entered the U.S. illegally in 1982 after escaping from a Belfast jail, faces life behind bars if he is sent to Britain. Meese's action was the Reagan Administration's latest effort to sidestep federal court decisions holding that Doherty is exempt from extradition to Britain on the grounds that his actions were politically motivated. Doherty's lawyers petitioned for a review of Meese's decision. Meanwhile, the defendant will remain in a New York City jail, where he has been held without bail for most of the past five years...
...main reason for the impasse in START was also specific -- excruciatingly so: how to restrict sea-launched cruise missiles. Since SLCMs use highly sophisticated guidance systems, the U.S. has an advantage. Therefore the Soviets are trying to restrict them, while the U.S. wants virtually to exempt them from START...