Word: exemption
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Dates: during 1980-1989
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...Treasuries offer a timely combination of high yields and safety. Moreover, interest on the securities is exempt from state and local taxes. While rates have dipped below the peaks they reached in March, new three-month T-bill issues offered an attractive return of more than 8.5% last week. Investors daunted by the $10,000 minimum-purchase requirement for T-bills can buy longer-term Treasury notes and bonds in face amounts of $1,000 and $5,000. Such securities mature in two to 30 years and can pay more than 9% interest, which often exceeds the rates paid...
...City Council last night approved a request to exempt one of the nine-all male final clubs from a proposal to downzone parts of Harvard Square...
...club claimed that the University would obtain its property, and the city would lose tax revenue because of Harvard's tax-exempt status...
...North is also accused of acts difficult to explain away as matters of high policy: defrauding the Internal Revenue Service by helping a tax-exempt foundation raise money for the contras; accepting an illegal gift to a Government employee, a $13,800 security installation for his home; and putting some funds raised for the contras to his own personal...
Vellucci said that because Harvard's academic and dormitory buildings are tax-exempt, the University should donate something to the community. He said since Harvard saves money in taxes, "at least they can supply books...