Word: exemption
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Dates: during 1950-1959
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...also holds a tax-exempt status, on the basis that money earned while working for HSA will be used exclusively to pay College term bills; and finally, HSA holds an effective monopoly of student enterprise, because of the fact that any undergraduate who solicits in the dormitories must obtain a permit from the University...
When in 1947 the Italian government imposed a whopping tax on capital, Prince Pacelli and Count Pecci found themselves in an odd position. As Italian citizens, they were subject to the tax, but as diplomatic representatives of foreign powers they were specifically exempt. Experts at the Vatican State Secretariat studied the question, decided they should not have to pay, and the Vatican formally asked the Italian government to exempt them...
...True. Any farm cooperative is tax exempt if it qualifies for eight intricately legal requirements, chief of which is that it must pay out all profits or proceeds to members (who of course pay taxes on their cooperative income). Most (62%) of all farm cooperatives so qualify, including all branches of the Farmers Union...
...training of the amateur musician. Therefore, only those with extensive previous training, usually in a conservatory, are in a position to dispense with the elementary harmony course designed to supply the basic techniques of musical analysis. Since very few performers go to college even today, almost no student is exempt from Music 51, and it is through this course that the concentrator or prospective concentrator is introduced to the Department...
...recommend the establishment of a sweepstakes to be conducted by the Treasury, with one-half of the proceeds to be awarded as tax-exempt prizes (possibly savings bonds) and the other half to be used to cut the high taxes of all tax-tired Americans in all of our 48 states. This sweepstakes would be a practical, patriotic and voluntary way to raise dollars towards the coming fiscal year's $74 billion budget. Almost every good American is endowed with the desire to take a chance in one form or another. Sweepstakes tickets could be sold at existing state...