Word: exemptive
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Dates: during 1950-1959
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...bill, now in conference, would hit tax-exempt co-ops such as certain farmers' groups. The Harvard Coop, however, has never been tax-exempt and thus would be unaffected by the pending legislation. It would merely continue to pay taxes on its net income...
...choice between staying in the reserve or giving up the draft-exempt status was forced upon NROTC men by a new directive from the Navy Department. The directive put into effect one of the provisions of the Universal Military Training and Service Act which was passed by Congress last June...
Last week, 30 years after she began her long battle, Mrs. Crawshaw won a full victory. Congress passed a bill making her pension retroactive to 1921. She will receive, tax exempt, more than $10,000, possibly $20,000. Now a grey-haired 64, Mrs. Crawshaw said: "It's wonderful to know that my husband has been vindicated beyond the slightest shadow of doubt...
Oklahoma's Senator Bob Kerr is an oil-rich Democrat who makes no bones about sticking up for the oilmen's interests on Capitol Hill. Last year, he touched off one of the biggest fights of the year with a bill to exempt independent natural gas producers (i.e., those who own no interstate pipelines) from control of the Federal Power Commission. Bob Kerr won his battle in Congress, but suffered defeat at the hands of old friend Harry Truman, who vetoed the Kerr bill...
...Senate group suggested this weekend that a lot of college and professional athletes now exempt from military service should be drafted...