Word: exempted
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...Paragraph 2, you mention "... tax-exempt foundations and charitable trusts which hold title to most of the property in Little's $60-million textile empire." Only two of Textron's 26 plants are owned by tax-exempt foundations or trusts, and one of those is the Tobey-sponsored Nashua-New Hampshire Foundation...
...bill to "safeguard the Christian ideals of American education" will be taken up by the Education Committee of the Massachusetts State Legislature within two weks. Behind its pious title, it contains threats against the tax-exempt status and the charter of any educational institution which "knowingly employs in its faculty one who advocates the overthrow of the United States government by force or violence." Representative Ralph Sullivan of Boston, author of the measure, claims that charters and tax exemptions are given to colleges by the state in return for such services as "improving standards of education" and "taching respect...
...feared. Working together, the union, a citizens' committee and Little had managed to save 1,200 of the jobs. But that did not quiet Tobey. As a one-man senatorial committee, he went after Little where he looked the most vulnerable. He attacked the bewildering hodgepodge of tax-exempt foundations and charitable trusts which hold title to most of the property in Little's $60-million textile empire...
Last week, when Tobey published a 28-page report on his findings, Congress got its first good look at such tax-exempt trusts (there are an estimated 10,000 in the U.S.) and it made Congressmen's eyes pop. Tobey charged that...
Five committees set up by the Army are at present working on a plan which would exempt students taking courses in agriculture, biology, engineering, physical sciences, social sciences, and humanities...