Word: exempted
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Dates: during 1960-1969
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...minimum tax" of at least 10% on all income over $30,000. One major loophole, tax-exempt state and municipal bond interest, is not affected...
...Senate also blunted the effect of a presidential measure approved by the House: the repeal of the 7% tax credit that businessmen can claim on new equipment. The Administration wants to abolish the credit in order to slow down a capital-investment boom, but the Senate voted to exempt all equipment purchases under $20,000-an amendment that would cost $720 million of the $6.5 billion in revenue that the Administration hopes to gain from the bill...
...Sudbury teacher has challenged Harvard's tax exempt status because of alleged political activity during the October 15 Moratorium...
Daniel A. Greenberg is suing the Boards of Assessors of Cambridge and other Boston communities for improperly granting tax exempt status to Harvard and ten other colleges and universities in the Boston area. The law states that charitable institutions which engage in political activity forfeit their tax exempt status, Greenberg said...
Those with birthdays drawn first will be the first to be inducted; those with birthdays drawn near the bottom of the list will be almost sure of exemption throughout the year. Those classified 1-A and not drafted during the year will drop into a lower-priority pool and will ordinarily be draft-exempt for the rest of their lives...