Certain nonprofit organizations are granted exemption from federal income tax ("tax exemption"). Most theories assume tax exemption is a subsidy for organizations such as charities that provide some underprovided good or service. To make the subsidy case, these theories assume that there should be ...
: an exemption that is allowed for each dependent who qualifies under the tax laws (as sections 151 and 152 of the Internal Revenue Code) Note: Under the federal income tax laws, the dependency exemption is allowed for each dependent whose gross income is less than the exemption or who is...
exemption 显示所有例句 n. 1. [u][c] ~ (from sth) 免除;豁免official permission not to do sth or pay sth that you would normally have to do or pay 2. [c] (部分收入的)免税a part of your income that you do not have to pay tax on ...
You were recognized exempt from Federal income tax on April 7, 1953, under the provisions of section f0f(7) of the InLernal Revenue Code of L939, which corresponds now to section 50f(c)(6) of the Internal Revenue Code of L954. This ruling remains in effect. 0n July l, L970, ...
The "basic exclusion amount"rises to $13.99 millionper person in 2025, up from $13.61 million in 2024, the agency said Tuesday. The exemptions apply to tax-free transfers during life and at death. The IRS also boosted figures for dozens of other provisions, includingfederal income tax bracke...
No Representation as to Tax Exemption. The Agency makes no representation or warranty that interest on the Bonds is or will continue to be exempt from federal or state income taxation. Section 804. Sample 1Get a Custom Version SaveCopyRelated...
CERTAIN NONPROFIT ORGANIZATIONS - Purchases by a corporation or organization which has a current registration certificate and which is exempt from federal income taxes under section § 501(c)(3) or (c)(4) of the Internal Revenue Code. These organizations must meet all of the requirements set ...
The exemption of coupon payments by state and local governments from federal income taxes in the United States is examined from the vantage point of its effects on resource allocation—that is, its impact on the consumer's choice between goods produced privately and goods produced by the local ...
Tax-exempt refers to incomes that are free from tax at the State, local, or federal level. The reporting of tax-free items may be on a taxpayer's busines
The United Arab Emirates (UAE) Federal Tax Authority (FTA) issued a Corporate Tax Guide on Free Zone Persons on 22 May 2024, clarifying free zones tax exemptions. The guide outlines conditions for becoming a qualifying free zone person (QFZP); as well as