Word: exempts
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...budget report, Curry also fore-saw a large increase in the city's share of the MTA deficit, although the cherry sheet will determine the final figure. Last year the city paid about $1,700,000 to the Authority, whose tax-exempt lands Curry termed "among the most extensive and most valuable in Cambridge...
Cronin emphasized that zoning has perpetuated the park land and that the University, legally exempt from zoning, needs no special consideration. By not changing the ordinances for the Hill area, the city might avoid illegality, trial in court, and the lowering of property values, he observed...
Your story about tax exemption and the Christian Brothers, one of the world's largest producers of commercial brandy, omitted several points. The organization has paid up some back corporate profits taxes, but it is now suing for a complete refund of approximately $490,000 on the ground that "Plaintiff is exempt as a church" and that "all property [is] subject to the control of the Pope." The Department of Justice has filed a counterclaim for an additional sum in back taxes...
...sunlit edifices of the first Forest Lawn in Glendale contain, advertises Eaton, the largest collection of statuary in the U.S., as well as 200,000 "loved ones." The cemetery draws 1,000,000 tourists a year, has net assets of more than $16 million, and last year grossed - tax-exempt - $2,300,000. It has also planted two little Forest Lawns in Hollywood Hills and Cypress, Calif...
...anyone is expert about the stage, it ought to be the American National Theatre and Academy, chartered by Congress in 1935 to "extend the living Theatre beyond its present limits." Tax-exempt and supported by culture-loving subscribers, ANTA produced many worthy revivals and experimental shows, and even an original hit, Mrs. McThing, but found itself continually broke. Last fall ANTA decided to make some money by investing not in Wall Street, the race track or a brewery, but in the riskiest business of all-Broadway. The results were disastrous...