Word: exempted
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Proprietor of this "Franklin Terrace" Project is the Princeton Housing Authority, from which Inventor Lambert accepted tax-exempt bonds for his $30,000. They will be amortized over 28 years and meanwhile pay him 4% interest each year on the balance outstanding. After 28 years the land & buildings will become the Borough of Princeton's property, Inventor Lambert will have his $30,000 back, and the Franklin Terrace occupants will have had brand-new Housing nowhere else available at $6.25 per room per month (plus $3 per month per unit for heat...
Aside from reviewing over-the-counter market regulation, only major issue oi last week's gathering was the proposed elimination of tax-exempt securities. After hearing Chief Counsel John Philip Wenchel of the Bureau of Internal Revenue expound the New Deal doctrine that tax exemption should be ended in order to pump stagnant savings into use, then hearing Banker David Wood rebut with the standard argument that taxing tax-exempts would violate State rights, the assembled investment bankers resolved in favor of eliminating tax exemption on future issues. But this was no New Deal yessing, for banishing...
Under a special agreement concluded in 1928, Harvard annually pays taxes to the City on legally tax-exempt property, amounting in 1931 to $21,816.01 and in 1937 to $7,667.00. On all land acquired after July 1, 1928 which was entitled to legal tax-exemption Harvard, by the agreement, pays annually a sum equivalent to the tax on the unimproved property at the time of purchase...
...Mussolini, who has the often Jewish name of Rachel, is not a Jewess, but even if she were the fact that Mr. Mussolini fought in the World War would thus entitle her and his children to exemption under the new decree. Similarly, since the Fascist Party was founded as an organization of World War veterans, nearly every Jewish "old comrade" of the Dictator is now exempt from antiSemitism, as are several high Jewish officers in the Italian fighting forces, together with every Italian Jew who was sufficiently pro-Fascist to join the Party as late as two years after...
...attitude toward Fascism assumed by Jews in the World as a whole." the Grand Council announced that it "does not exclude the possibility of conceding controlled immigration of Jews into some zones of Ethiopia, even deflecting such emigrations from Palestine." To stimulate those Jews in Italy who are not exempt from the anti-Semitic decrees to apply for emigration permits to go to Ethiopia, the Grand Council further decreed that such Jews: 1) may not own or manage Italian concerns with 100 or more employes; 2) may not own more than 124 acres of land in Italy...