Word: exempted
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Although he declined to specify details, a number of city activists have been lobbying for several changes in the prior agreement, under which Harvard voluntarily made an annual contribution to the city as compensation for its vast tax-exempt land holdings...
Harvard currently maintains several commercial properties that are earmarked for eventual conversion to tax-exempt academic use. While University officials say they would compensate the city for any revenue it might use as a result of such changes, skeptics say they want to see that policy set down in writing...
Despite its intensity, the antipathy toward Congress will have negligible impact on the midterm elections three weeks from now. Odd as it may seem, most voters exempt their own representatives from the contempt they hold for Congress in general. The local officeholder who does favors for constituents, attends parades and sends newsletters to the home folks often comes across as a benign exception to the general image. Of the 406 members of the House seeking re-election this November, only about 30 face serious opposition. The rest either are running unopposed or enjoy such a huge financial advantage that they...
...three from the Administration and five from the Hill, inched forward by discussing a compromise that would include a modest variation on the capital- gains scheme: instead of a cut in the rates, the value of assets sold would be indexed so that profits resulting from inflation would be exempt from taxation...
Harvard currently pays the city $969,170 annually as compensation for its tax-exempt affilated housing complexes such as Peabody terrace. While the contract governing the in lieu of tax contribution expired on December 31, 1988, Harvard has continued its payments for the last two fiscal years as if the old agreement were still in effect...