Word: exempted
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That's because businesses in the Kendall Square development--designated a "commercial revitalization district"--are eligible for tax-exempt bonds...
...year in Government grants, loans and loan guarantees. Since two-thirds of Wheaton's revenues are from tuition and fees, "it would be difficult, if not impossible, to replace" such student aid, says Admissions Director Stuart Michael. Worse, the Government might one day strip the college of tax-exempt status. If Wheaton were forced to change its admission policies, its defenders argue, it would no longer be Wheaton-whose motto since 1860 has been Eius Christo et Regno: For Christ and His Kingdom...
Harvard had previously been exempt from all city codes except those governing design features, such as a structure's distance from the street...
...Erickson, Dial's editor, disagrees. "For years the Government has granted tax advantages to organizations that use their profits for socially useful purposes," says he. "And public television serves a useful purpose." Nonprofit publications are exempt from most taxes and save up to 50% on postal rates -a big edge over for-profit magazines, whose postal bills have increased some 450% since 1971. These concessions are enjoyed by an increasingly broad range of publications. Of the 35,000 periodicals regularly sent through the mails, 10,000 or so now get some nonprofit subsidies. They range from shoestring religious...
Harvard had previously been exempt from all city codes except those governing design features, such as a structure's distance from the street...