deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket 3. exemption - an act exempting someone; "he was granted immunity from prosecution" granting immunity, immunity waiv...
The surviving spouse is also eligible for astepped-up basison any property that they inherit. This means that the cost basis for that property, a significant factor in determining taxes when the property is sold, is adjusted to the date of the spouse’s death.4 If the spouses owned a hom...
n. 1) in income taxation, a credit given for each dependent, blindness or other disability, and age over 65, which result in a downward calculation in tax levels. These are not to be confused with deductions which reduce gross income upon which taxes are paid. 2) a right to be excluded...
Therefore, if the gross value of an exemption trust grantor’s estate is less than $12.92 million (as of 2023), when that individual dies, no estate taxes have to be paid. And even if the total value of the estate exceeds the $12.92 million limit, only the amount in excess of the e...
10. The government has cut back on import taxes on spare parts of large equipment and canceled the import tariff exemption on some complete sets. exemption什么意思exemption 英英释义 exemption的反义词 noun 1. an act exempting someone e.g. he was granted immunity from prosecution ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook partial exemption an exemption that applies where a person registered forVALUE-ADDED TAXmakes both taxable supplies and exempt supplies as a result of which not all of theINPUT TAXmay be recoverable. ...
Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project. Tax-Exempt means with respect to interest on any obligations...
TAX EXEMPTION The Department of Montana is exempt from Federal Excise Taxes (#00-0000000). ERISA Exemptions The Parent and the Borrower shall not, and shall not permit any Subsidiary to, permit any of its respective assets to become or be deemed to be “plan assets” within the meaning of...
aand it consists of resource management policies, foreign cooperation policies, technology R&D policies, taxes policies and price [translate] acorporate income tax exemption policy all have significant impact on the economic viability of CBM resource in China and they are [translate] ...
TAX_EXEMPTION_ID NUMBER 18 Yes Parent exemption identifier for a full or partial exclusion from taxes within a given time period. SUPPLIER_ID NUMBER 18 Yes Supplier identifier associated with the exemption. SUPPLIER_SITE_ID NUMBER 18 Yes Supplier site identifier associated with the exemption. PRIORI...