Word: tax-exempt
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...called "Boston Bailout" bill, passed by the State Senate on Monday, would help protect tax-exempt property holders, such as Harvard, from any payment increase and at the same time would allow the financially troubled city to raise capital to meet public obligations, Bok said...
Harvard Medical School, and Harvard's Schools of Public Health, Business Administration and Dentistry are among the University's tax-exempt holdings in Boston...
Vice President of Government and Community Affairs John Shattuck, who sponsored a conference here for local public officials on the benefits of revenue reform earlier this year, agreed that Harvard more than makes up for its tax-exempt status...
...retired factory worker and his wife in Delray Beach, Fla. They have partially tax-exempt income of $18,000 from a pension and Social Security. In addition, they earn $2,500 in interest on their savings. The couple has no mortgage and no interest payments on autos or credit cards. They file a short tax form...
...sale of the aircraft company was forced on the Hughes Medical Institute by Internal Revenue Service rules governing the tax-exempt status of organizations. In 1953 Howard Hughes created the Medical Institute and gave it Hughes Aircraft as its only asset. This made the company accountable only to the institute's trustees, of which Hughes was the only one. That made Hughes Aircraft far freer than publicly owned companies to limit dividends and invest its profits as it saw fit in research and development...