Word: exempt
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...decision to finance construction through tax-exempt borrowing, rather than spending capital resources directly on plant renovation...
...wider and deeper into America's social strata. Peter Bensinger, director of the Drug Enforcement Administration from 1976 to 1981, is now a consultant to businesses on employee drug use. "It is not just a matter of John De Lorean and John Belushi," he says. "Cocaine use does not exempt anyone. You see it in mid-level managers and factory workers...
They are going to realize, O'Neil says, that such institutions are depriving municipalities of a significant portion of their tax base. He argues that in Boston alone, the percentage of tax-exempt property has risen from 31 percent to 63.5 percent since the outspoken official started introducing the bills...
...fact that Harvard--the largest single landowner in the city--is tax exempt, still heightens town-gown tensions...
...Myung Moon, Korean evangelist and founder of the Unification Church, was sentenced to 18 months in prison and fined $25,000 in 1982 for failing to report personal income of $162,000. Still free while appealing, Moon claims the money belonged to the church and was thus exempt from taxes...