Word: exempt
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Walter Sullivan's motion sought to exempt the condo owners from the complicated rent control guidelines. But Councilor David Sullivan, a strong supporter of the anti-conversion ordinances, said last night that the council might not have the power, without amending the ordinances themselves, to suspend the rent control board examination process...
...Revision of certain tax breaks. Under this revenue-raising measure-a new proposal by the Administration-defense contractors will no longer be able to defer income from multiyear projects until the final year, and industries face new restrictions on the issuance of tax-exempt bonds. One important change that will affect individual homeowners: under the proposal, energy tax credits for conservation efforts or for insulating residences and commercial property would...
...rules for escaping jury duty are equally diverse. Courts generally exempt doctors and lawyers and those who can demonstrate hardship. But tobacco farmers are exempted during harvest time in Virginia; South Carolina still excuses "apothecaries"; Indiana excuses ferryboat operators. For those who must serve, the first thing to learn is to wait. "It's waiting for the judge, waiting for the lawyers, waiting to be called. It's not amusing or fun; it's just a duty," says Gwen Pritchard, a Washington lobbyist, standing in the hallway of the District of Columbia courthouse...
...obfuscate the issues and glaze the eye. This month, however, public discourse about education got a little affirmative action in the form of a new weekly newspaper called Education Week. The 24-page tabloid is published in Washington, D.C., by Editorial Projects in Education Inc., a nonprofit, tax-exempt organization that founded and later sold the sprightly, respected Chronicle of Higher Education. At a yearly subscription rate of $39.94 (charter subscribers pay $19.97), Education Week claims to report the ABC's of primary and secondary education, the two areas where American pedagogy is most in need of dramatic improvement...
...savings and loan institutions, an incredible total of more than $341 billion is sitting in accounts that pay a maximum of 5.5% interest. Those funds could currently be earning about 18% in a money-market account, 14.9% in a six-month savings certificate or 13% in a tax-exempt municipal bond fund. If the 5,000 savings banks and S and Ls in the U.S. suddenly had to start paying comparable interest rates on passbook accounts, many of them would go broke. As it is, an estimated 85% of all S and Ls are losing money because the double-digit...