Word: exempt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
There is one hitch. Although the FAA's precedent-setting regulations for jumbo jets go into effect on Dec. 1, the Boeing 747s-which in February will become the first (by 21 months) to start flying passenger runs-will be temporarily exempt. Reason: Boeing applied for certification of the 747 one year before the agency began drafting its noise laws and is too far along in production of the jumbos to meet the FAA deadline. Result: no less noise for a while...
...difficult to speak adequately or justly of London," wrote Henry James in 1881. "It is not a pleasant place; it is not agreeable, or cheerful, or easy, or exempt from reproach. It is only magnificent." Were he alive today, James, a connoisseur of cities, might easily say the same thing about New York or Paris or Tokyo, for the great city is one of the paradoxes of history. In countless different ways, it has almost always been an unpleasant, disagreeable, cheerless, uneasy and reproachful place; in the end, it can only be described as magnificent...
...House bill to substitute a .2% tax on assets for a 7½% tax on net investment income and capital gains. It also went far beyond the House bill in approving a provision requiring such "nonoper-ating" foundations as Rockefeller, Ford and Carnegie - whose main activity is making tax-exempt grants - either to dissolve themselves after 40 years or to begin paying regular corporate income taxes...
...University is planning to finance the project under Massachusetts's newly-established Health and Higher Education Facilities Authority. In essence, this authority helps universities, hospitals. etc. to finance construction at the rate of interest for tax-exempt bonds, rather than at the higher market interest rate. The authority issues bonds to finance the construction, owns the project when it is completed, and rents it to the University for a nominal fee. The bonds are then retired out of the revenues of the project-rents in the case of Shady Hill...
...problem is that the authority has just been established, has not financed any projects to date, and when it does, may require higher interest rates than it would have a few years ago. Present high interest levels, a flooding of the tax-exempt bond market by new issues, and investors' uncertainty of what the current tax reform proposals will do for tax-exempt bonds have all contributed to drive up the rate on this kind of bond. "We'd like to talk about five per cent, but we're forced to talk about seven per cent. When you're trying...