Word: exempted
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...Harvard Office of Fiscal Services, anticipating the defeat of a bill that would exempt college board contracts currently stalled in the State Senate Ways and Means Committee, sent a notice this week to all Harvard students that the meal tax "must be entered on the October term bill...
...industry has one powerful incentive to swallow its disappointment at the low discovery rate and keep looking hard for crude: all oil from new wells is exempt from federal price controls and sells currently for about $12.50 per bbl.-versus an average price for domestic crude of $5.62 in October 1973-and President Ford has vetoed congressional attempts to force a rollback. So the price should be more than enough to make a new well lucrative-provided it is the one in seven that actually hits...
...chapter 121A agreement allows a corporation to build a tax exempt project if the corporation can show that the area that the project is to be built in is blighted, open, decadent or substandard...
...million budget for the complex is financed through low interest 40-year tax exempt bonds, issued by the University, under the authority of the State Health Education Facilities Act. Hill said yesterday that as of June 3, construction was being completed well within the original budget...
...example: a man about to go bankrupt owns a car worth $800. Because its value exceeds the allowable exemption, the car would normally be seized. A clever bankruptcy lawyer could avoid that by arranging for his client to borrow $800 from a finance company, using the car as collateral. If this is done, the car has no value except to the holder of the mortgage-i.e., the finance company-so it will not be taken away. To protect the borrowed $800, the client then deposits it in an S and L account, which is exempt from seizure. After being...