Word: exempts
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...concerned $10,384.50 in book royalties that Nixon said had gone to the tax-exempt Nixon Foundation; the IRS found, however, that "no assignment of title to the manuscript was ever made" and the money should have been reported as personal income. The evidence shows that IRS investigators felt that without sworn testimony from the people who worked on Nixon's taxes about the numerous discrepancies in their statements to the IRS, there was insufficient proof that fraud had been committed. The IRS recommended to Special Prosecutor Leon Jaworski that a grand jury look into the matter. That investigation...
...three cities are plagued with shrinking tax bases and housing shortages, in part because of the many educational and other tax-exempt institutions located in them...
Harvard keeps its tax-exempt status and refuses to pay in-lieu-of-tax payments according to a square footage formula...
Overdrive never did endorse the settlement of the strike. The 63-per-cent surcharge was insufficient to cover rising costs, and applied only to ICC-regulated carriers. Most independent drivers haul commodities exempt from ICC regulation and so received no benefit from the increase...
Under the present arrangement, they cannot. Interstate trucking is regulated by the ICC, which grants "operating rights" to carriers to haul certain commodities over certain routes. Independent operators have three options: they can haul "exempt" commodities, such as produce and cattle; they can lease their trucks to and drive for licensed carriers, thus virtually eliminating their independent status; or they can apply for operating rights...