Word: exempt
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...also holds a tax-exempt status, on the basis that money earned while working for HSA will be used exclusively to pay College term bills; and finally, HSA holds an effective monopoly of student enterprise, because of the fact that any undergraduate who solicits in the dormitories must obtain a permit from the University...
Another objection to the existing HSA setup arises over the matter of tax-exemption. Since the HSA has already admitted that non-scholarship as well as scholarship students may work for the organization, it seems unlikely that the profits will be used solely for the purpose of paying the term bills of needy undergraduates. In particular, some of the managers of the individual agencies apparently stand to make in a single year more than the amount of a Harvard term bill. This would seem to be a misuse of the tax-exempt status...
...deviated widely from its original premises of operation, it should change its present form and break all ties with the University. Its relationship with the Student Employment Office would then be that of any other individual. It would have no exclusive privileges, would not retain its tax-exempt status, and would be free to compete with Harvard Square merchants on an equal basis...
When in 1947 the Italian government imposed a whopping tax on capital, Prince Pacelli and Count Pecci found themselves in an odd position. As Italian citizens, they were subject to the tax, but as diplomatic representatives of foreign powers they were specifically exempt. Experts at the Vatican State Secretariat studied the question, decided they should not have to pay, and the Vatican formally asked the Italian government to exempt them...
...True. Any farm cooperative is tax exempt if it qualifies for eight intricately legal requirements, chief of which is that it must pay out all profits or proceeds to members (who of course pay taxes on their cooperative income). Most (62%) of all farm cooperatives so qualify, including all branches of the Farmers Union...