Word: exempts
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...this week declared that the Supreme Court's new ruling cut both ways, rendered such legislation unnecessary except to relieve State & municipal employes from levies retroactive to 1926. To take advantage of the new ruling, however, most States will have to amend their income tax laws, which specifically exempt Federal salaries. Especially prompt to act should be Maryland and Virginia, where hordes of Federal folk live near their jobs in the District of Columbia...
...bill authorizing the U. S. War Department to forbid Army officers to marry during their first three years of active service. Reason: second lieutenants draw only $125 a month, should keep their minds on the Army. Said Brigadier General Lorenzo Dow Gasser, testifying for the bill: ". . . We propose to exempt the present West Point class that graduates this June. I understand commitments have been made...
...issue is more simply stated than solved. From the University standpoint, educational institutions are traditionally tax-exempt. Harvard has brought great prestige and considerable purchasing power to Cambridge, and while admittedly removing large pieces of property from the city tax list, has raised the value of adjoining real estate...
What City Hall sees is a vast tax-exempt "inland Empire," assessed at $164,298,020, more than the total taxable value of Cambridge, White the city provides police, fire, and health protection, ever since the opening of the subway much of Harvard's, purchasing power, once a Cambridge monopoly, has been shifted to Boston. Moreover, it has been charged that the House system has cut into-the local restaurant and boarding-house trade...
Harvard, however, is not wholly tax-free. To Cambridge it pays an annual tax bill of about $65,000 on property not used for educational purposes. And under two agreements, one signed in 1912 and the other in 1928, the University has voluntarily paid on legally tax-exempt holding, taxes totaling $160,700. The voluntary payments reached a peak of $24,216 in 1931, and amounted to just over $10,000 last year...