Word: exempted
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...University objected to a second requirement in the bill, which prohibits sale of the land to a tax-exempt institution unless "service charges in lieu of taxes" are paid for 99 years. "We are opposed to this in principle," Reynolds stated, "since it could endanger the University's tax-exempt status...
...June 30, be maintained at present levels for another year. He also requested that the 10% excise on local telephone calls and transportation be continued, that the federal gasoline tax be raised from 4? to 4½?, that taxes on standard aviation fuel (now 2?) and jet fuels (now exempt) be put at 4½?, and that the rate on first-class letters go up from...
Sullivan confirmed yesterday the group's plan for use of the Stadium if the tax-exempt status of the land is threatened by rental to a professional organization. His group, he said, would try to contribute a large amount in the University's name to the United Fund or a similar charity and use the Stadium without charge...
Pleased though Harvard is with the scholarly promise and achievements of the expedition, it believes that all Faculty research projects should be financed without the University's direct monetary aid. What Harvard does offer, however, is tax exempt status for those specified funds that are given to Harvard for the special expedition...
...attempt to extract money from some of these institutions, Collins has suggested that, without altering their tax-exempt status, they should pay to the city a "donation in lieu of taxes," similar to the procedure that both Harvard and M.I.T. follow in Cambridge. But this proposal is not as simple as it may sound, for, while the city is poor, so are the colleges...