Word: exempted
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...organization... may act in such a manner as to jeopardize the University's tax exempt status...
...organizations voted unanimously to protest the mastodon-sized 33-page booklet of projected regulations, and produced a substitute set of six simple rules. These would require that organizations must be financially responsible, must not jeopardize the University's tax exempt status, must have Harvard students determining policy and be free from outside control, must uphold local, state, and federal laws, must not imply that their actions or opinions are sponsored by the University, and must fulfill all the above criteria for official recognition...
...least a partial tightening of the tax laws covering educational institutions is likely. Objections center around universities which operate non-educational businesses and because of their educational nature are exempt from normal corporation taxes...
...Lease back Deals," in which colleges buy a property from a business and then immediately lease it back on a long term basis to the corporation are also under fire. Universities' tax exempt status on the last item alone coses the government large sums annually...
...what natural-gas producers could charge interstate pipeline operators for gas. Still not too sure of its authority, FPC had not yet clamped on price regulation. But so-called "independent" producers* lived in dread of the day when FPC would move in. The Kerr bill would specifically exempt gas producers from such FPC control...