exemption


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Related to exemption: Tax exemption

exemption

(ĕg-zĕmp′shŭn) [L. exemptio, removal]
Legal relief from an obligation, e.g., from the requirement that children be vaccinated before attending school, or that certain medications or devices be tested according to standard protocols before they are released to consumers.
References in periodicals archive ?
Yet Luke contends the bill could place cadmium pigments beyond the reach of most artists even if it did contain an artists' exemption.
NTCG is a leading provider of comprehensive incentive tax credit and exemption studies for businesses throughout California and the United States.
22,500 for married individuals filing separately, less 25 percent of AMTI exceeding $75,000 (no exemption if AMTI is $165,000 or more).
government employees, USAID employees are ineligible for the foreign earned income exclusion, while employees of USAID contractors may have virtual tax exemptions, because both the foreign earned income exclusion and tax exemptions provided through USAID bilaterals are available.
Compare the average real estate transaction of today with that of 1972, the last time the Homeowners' Tax Exemption was increased.
In 1988 Monique's mother signed form 8332 to waive her right to claim a dependency exemption for her daughter for 1987 and all future tax years.
For institutions that report quarterly, the low reserve tranche adjustment and the reservable liabilities exemption adjustment will apply to the reserve computation period that begins Tuesday, December 16, 2003, and the corresponding seven-day reserve maintenance period that begins Thursday, January 15, 2004.
A federal appeals court refused to rule on the constitutionality of Louisiana tax exemptions for religious groups saying that the suit challenging the tax breaks belonged in state court.
Mississippi's New Industrial Enterprise Exemption (11) permits its local governments to obtain permission from the State Tax Commission to offer up to 10-year exemptions from certain types of property taxes (other than state-mandated or school-related) for personal property used in new warehouses, distribution centers, manufacturers, research facilities, corporate headquarters, and other specifically enumerated businesses.
As the taxpayer grows older, the time will come when he can no longer claim any additional exemption for his dependents.
Natural Resources Wales staff will also be on the stand every day from today until Thursday, between 10am and 2pm, to assist farmers with re-registering their farm waste exemptions.
Higher-risk activities are now covered by environmental permits and advice may need to be taken, if the equivalent new exemption does not cover the specific waste type, quantity or specific activity.