Word: exempted
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...widow Clementine and the rest to his four children. The will did not represent the bulk of Churchill's wealth, derived from book royalties estimated at $3,000,000; that was in a trust, set up in 1946 for his children and grandchildren, and under Crown law exempt from death duties...
...University uses the building for educational purposes, it will remain tax exempt. The garage, with its adjacent parking lot, will continue to be taxed. One official noted that the University owns a number of brick and wooden frame houses in this area which it uses for offices...
...present, anyone who knowingly gives information about preventing pregnancy or dispenses contraceptives is liable to a five year prison sentence or a $1000 fine or both. The doctors' amendment, if adopted, would exempt physicians and pharmacists from these restrictions...
...times longer than a drunken driver's. His alleged crime-a single homosexual act between consenting adults-is a misdemeanor in New York; in 24 other states, homosexual offenses are punished only when openly committed, as Doyle's was not. The prestigious American Law Institute aims to exempt private "deviate sexual behavior" between consenting adults, punishing only those involving force or corruption of children...
...more and more local and state governments look to bond offerings for financing - a new record of $10.3 billion in bonds will be offered this year -a high bond rating becomes all-important. Last week, for example, when the state of California offered the largest tax-exempt issue floated this year, for $150 million worth of school and general construction bonds, its AAA rating quickly attracted all the lenders it needed...