Word: tax-exempt
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While news of Harvard’s May 2001 Arsenal purchase sparked protests by residents, children and politicians—all concerned that the town would lose a third of its tax base to a non-profit, tax-exempt institution—last night’s meeting was marked by two standing ovations and long lists of thank-yous and welcomes...
...bonds convertible into stock fit here too, offering decent yields and, in the case of "converts," a shot at capital gains if the market shoots higher. Consider the Northern Income Equity fund. Some blue chips now offer dividend yields of 5%. For those in the top tax bracket, short-term tax-exempt municipal bonds and bond funds are a steal today, yielding an after-tax equivalent of 7% plus...
Harvard’s plan to redevelop the Arsenal complex in Watertown draws criticism. The city claims that the University’s tax-exempt status will cost it tens of millions of dollars in lost revenue. The University claims it will pay a “generous and appropriate fee” in lieu of taxes. Busloads of school children stage a miniature protest...
...Club gains official tax-exempt status from the Cambridge City Council. The council’s vote was delayed for more than a year because of the Fly’s all-male membership—but the council’s lawyer advised them that withholding approval would be ineffective. Donors can take advantage of the exemption as long as the money goes toward improving the Fly’s building...
...said states are generally reluctant to give religious schools technological assistance, vouchers and tax-exempt bond financing...