Congress could change the law, ending the out-of-state exemption from tax-collection.
Recent reports and discussions make it clear one or more IRS employees responded to a public information request from the news organization ProPublica by giving ProPublica pending applications and subsequent extensive correspondence with the IRS regarding the applications from a number of organizations seeking recognition of their exemption from tax under Section 501(c)(4) of the Internal Revenue Code.
However, when the government provides a narrow exemption from general tax obligations it essentially is writing a check.
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Google has reportedly sought exemption from sales tax on electricity use.
Dubai's attractions are many: In addition to glitzy shopping malls, it boasts so-called "free zones, " which allow for 100% foreign ownership, 100% repatriation of capital and profits, exemption from corporate tax and no import duties.
They will miss the comfortable refuge from default risk, the wealth of noncallable issues, the exemption from state income tax and the dependable benchmark that corporate bond issuers use to price their securities.
The justification for that tax exemption is that fuel taxes pay for roads, and the farm equipment that benefits from the tax exemption is not supposed to be using the roads.
It was theorized the graduation and exemption of many from the tax would result in less of a check on the extravagances of federal expenditures.
The thoroughbred sector benefits solely from a tax exemption on the fees for stallion nominations.
Democrats want to remove the bequest exemption from the capital-gains tax law, and some Republicans want to reduce capital-gains rates anyway.
What I would like to see is the Tax Exemption taken away from religious groups.
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The Orphan Drug Act, enacted in 1982, provides incentives--including tax credits and exemption from user fees--for the development of drugs for rare diseases.
JCX-1-11 also provides an informative table summarizing the estate and gift tax rates and exemption amounts from 1975-2011.
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These include lower business rates, the ability to reclaim income tax on donations and exemption from capital-gains and inheritance taxes.
The tax savings from this exemption, which have allowed them to pay more in dividends, has been one of their main selling points.
He and Gwin suggest tax holidays and clean energy exemption from industrial policies that discourage investment.
On Jan. 1, 2011, the GST tax is set to return with a 55% rate that applies to trusts that are not sheltered from GST tax by a GST exemption.
That situation results in large part from setting the AMT exemption, phaseouts, and tax brackets for couples to less than twice those for single filers.
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Is excluding gays from participation a valid basis to deny tax exemption?
Currently, dual-capacity tax treatment allows our energy companies an exemption from U.S. income taxes on the revenue they generate overseas, thus protecting against double-taxation of that foreign income.
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The story notes that unless the company gets an exemption, the company will receive a fat tax bill from the city when its employees opt to exercise their stock options once the company goes public.
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Over in the Lords (from 2.30pm) question time includes some promising subjects - the exemption of private companies providing services to the NHS from corporation tax, limiting the ongoing closure of public libraries across the country and predicting the number of jobs that would be created by leaving the European Union.
The allocation of GST exemption to a transfer or to a trust excludes from the GST tax not only the amount of the transfer or trust assets equal to the amount of GST exemption allocated, but also all appreciation and income on that amount during the existence of the trust.
You may have heard Congress raised the "AMT exemption amount" for two years, thus temporarily shielding taxpayers from this killer tax that forces victims to calculate their taxes a second time and pay more.
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The state looked after him well, providing him with a lavish tax-free pension, cars, servants and a lifetime exemption from import duty.
For example, those at the top of the economic food chain benefit from low tax rates on capital gains and dividends, as well as the exemption for gains on assets transferred at death.
In addition, no Democratic leaders decried big money's influence when groups registered under section 501(c)(5) of the federal code the tax exemption for labor, agricultural or horticultural organizations spent hundreds of millions from corporate treasuries on advocacy and political activity.
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