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grandfather clause |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.01 sec. |
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grandfather clause Any policy or rule that exempts a group of individuals, organizations, or drugs, from meeting new standards or regulations; eg when a new subspecialty board in internal medicine is created, the physicians practicing in that
area may be 'grandfathered' into the subspecialty and not required to meet residency or other educational requirements How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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To be able to keep the speedway going under the grandfather provision, the owners would have to show that the facility is no larger now than it was in 1972, Howe said. The current grandfather provision permitting Internet access taxes imposed prior to Oct. Despite the ITFA moratorium, a grandfather provision allows states that imposed taxes on Internet access before October 1998 to continue to collect those taxes. |
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