exempt

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exempt

(ĕg-zĕmpt′, ĭg-) [L. eximere, to take out, release, free]
Free from oversight or supervision by any regulation or authority.
References in classic literature ?
But even if- imagining a man quite exempt from all influences, examining only his momentary action in the present, unevoked by any cause- we were to admit so infinitely small a remainder of inevitability as equaled zero, we should even then not have arrived at the conception of complete freedom in man, for a being uninfluenced by the external world, standing outside of time and independent of cause, is no longer a man.
In fact, I have remarked, that most of the defects which have discovered themselves in the friendships within my observation have arisen from envy only: a hellish vice; and yet one from which I have known very few absolutely exempt.
But through the whole period during which I was the slave of my creature I allowed myself to be governed by the impulses of the moment; and my present sensations strongly intimated that the fiend would follow me and exempt my family from the danger of his machinations.
Tax-exempts are now required to disclose information on their Forms 990, Return of Organization Exempt from Income Tax, about disqualified persons, details of excess benefit transactions and penalty taxes paid under sections 4911, 4912 and 4955.
Because revocation of exempt status was such a severe penalty, for several years Treasury Department officials argued in favor of penalty excise taxes (called intermediate sanctions) to improve enforcement of inurement violations.
1502-13(c)(6)(i) exempts a lending member's interest income on the borrowing.
The revenue ruling relates to affiliate borrowings used to fund business operations of a dealer in exempt obligations.
2004-68 provides new guidance on transactions exempt from reporting under this category and specifically exempts the following four types:
It also specifically exempts transactions in which the refundable or contingent fee is related to (1) the Sec.
274(e)(2) exempts expenses treated as compensation.
ERISA Section 4(b)(2) exempts "church plans" from Title I.
Alan Simpson said at a recent Finance Committee hearing that he may offer legislation to restrict the activities of certain organizations exempt under Sec.