Word: exempted
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Dates: during 1960-1969
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...struggles for power-dam sites along the nation's rivers, publicly owned utilities have long enjoyed substantial advantages over private companies. Exempt from local taxation, able to finance their ventures with low-cost, tax-free bonds, they can offer consumers cheap power-at the general expense of taxpayers everywhere. And the Federal Power Act gives them preference over private claims to the same water resources...
...fine is aimed at chronic violators who ignore recall polices and pay only 10 cents a day for each overdue book. It will apply to students and teaching follows. Professors, including assistance professors, are exempt from the fine...
High interest sent the biggest issue of all surging back from the market the same day that it was to come on. The New Jersey Turnpike Authority withdrew a scheduled $440 million of income tax-exempt bonds because the only bid from underwriters meant a 4.23% interest rate, quite a bit more than had been expected. The bonds would have financed doubling the six-lane width of the 30 miles of turnpike nearest to New York City...
...sales tax bill, passed by the Legislature March 2, says that "instructional materials" are exempt from taxation. But a survey of Square bookstores yesterday revealed that the Commonwealth has not yet explained which books will be considered "instructional." A Massachusetts Tax Commission official confirmed yesterday that the State hasn't come up with a definition...
Morrill speculated that students buying books may have to identify themselves and prove that they need the books for courses, in order to avoid the three percent tax. He wondered if a book sold at a college book store and "the local cigar store" would be exempt from taxation at both places...