Word: exempts
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...directors--after Epps in person had reiterated his request that the council's attempts at attaining tax-exempt status with the state and the Internal Revenue Service be suspended--deadlocked over whether to flatly ignore Epps's order and hire an accounting firm, finally deciding to pass a watered-down resolution making it clear they eventually intend...
True and Boverini have sponsored Bill 1384 that would exempt college meals from...
...legislature gave the U.D.C. broad and controversial powers, such as the right to initiate projects over the objections of local communities and the authority to raise up to $2 billion by selling tax-exempt bonds. Rather than seek approval for the U.D.C. 's financing from a testy electorate, Rockefeller seized on a financing expedient developed in the early 1960s by a successful Wall Street bond lawyer named John N. Mitchell...
...Look. Around this time, many institutional buyers began to worry about the U.D.C. 's heavy borrowing. They prefer to limit their investment to 10% of any particular security and also seek geographical diversity; the U.D.C. and New York City together have accounted for about 30% of all tax-exempt bonds sold in the U.S. over the past few years. As money grew tight, investors began to look more closely ' at the U.D.C. 's unconventional moral-obligation bonds, which are tied not to specific projects but to the highly uncertain fortunes of the agency as a whole. Meanwhile...
Challenged Prerogatives. Anticipating criticism, the Queen offered to provide $360,000 of the $1 million in crease out of her own income. Rather than appeasing her critics, the offer only raised troublesome questions about the extent of her private fortune, which has traditionally been exempt from both in come tax and estate duties. After last week's acrimony, Parliament is expected to challenge these royal prerogatives later this year...