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 periodicals archive ?
Example 2: An exempt organization's website has a link to a corporate sponsor.
If any reporter makes less than $23,660, he or she is not exempt from overtime pay requirements regardless of any other factor.
Second, if Canco is a "financial institution," the Listed Shares may be "mark-to-market property" (58) or market-valued inventory, exempt from the FIE Rules although deferral on any accrued gains would be prevented by existing regimes (59) if this were the case.
Roping the exempt workers into Social Security seems unfair because they are only a few steps ahead of the low earners that the president says he wants to protect.
Quentin Kopp, I-South San Francisco, authored the bill that would exempt vehicles 25 years or older.
So the mere fact that the IRS isn't necessarily in there checking on the exempt status of not-for-profits doesn't mean they're not going to be looking for other types of issues.
entitled to minimum wage and overtime) or exempt (paid on a salary basis), including examples of employees that fall within each category (e.
6049(b)(2)(B) provided that payments of exempt interest were exempt from information reporting and, thus, backup withholding.
The legal profession once perceived the work performed by paralegals to be exempt.
Given this potential exposure, taxpayers must be prepared to prove the exempt status of their bonds.
For example, for exempt securities acquisition loans relying on the 50% interest exclusion under IRC section 133, loans made after July 10, 1989, were limited to 15 years (subject to certain grandfather rules).