Word: exemption
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Dates: during 1950-1959
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Suppose an enterprising student wins himself a scholarship from the University worth $1000 a year. Then suppose that he can earn still another $1000 a year. Father does not have to add $2000 to Junior's income in order to claim him as an exemption. For scholarships, under the new law, are tax exempt. The parent in this situation has to match only $1000--his son's actual earned income...
...Tama meeting, the delegates re-elected 58-year-old Allen P. Dale, a relief investigator from Vinita, Okla., for his fifth term as president. President Dale's report took triumphant note of a recent amendment to the Texas narcotics act to exempt peyote...
Everybody talks a good deal about educational TV, but, in the view of Federal Communication's Commissioner Robert E. Lee, *- nobody seems to do much about it. More than two years have passed since the FCC set aside 242 tax-exempt channels for education, and 195 of them are still going abegging. Is educational TV worth the long wait, or should the unused channels be thrown open to commercial use? By last week Lee's public statements had created enough of a stir to set educators to examining their TV records...
...After eight weeks of struggling to prove that the nation's tax-exempt foundations had somehow been responsible for promoting something that seemed somewhat un-American or something, a House Special Committee, headed by Tennessee's Republican Brazilla Carroll Reece, decided by a party-line vote (Republicans 3, Democrats 2) to end public hearings and to allow the foundations to submit sworn written statements instead. Official reason for the decision: "In order to expedite the investigation and to develop the facts in an orderly and impartial manner." But Ohio's Democrat Wayne Hays had another version...
...were told about the plan Monday and asked a lot of questions them which were not answered, including whether all this service would legally make us draft exempt," said one. "Despite our lack of complete information and the suddenness of the new plan, we were told that we had to sign on the dotted, line by Wednesday noon. Some of us just weren't willing to take the chance...