The rest of the money would come from tax-exempt financing and private lending.
The government offered a one-off 5.8 billion rand to subsidise the tolls for private users and exempt minibus taxis entirely.
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An estimated 40% of all gun sales are private and therefore exempt from any background check, offering prohibited buyers a ready avenue to obtain guns, said Dan Gross, president of the Brady Campaign to Prevent Gun Violence.
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That could well be a violation of IRS rules that prohibit tax-exempt organizations from transferring assets to private individuals.
Private shareholders, now exempt from capital-gains tax if they hold their shares for more than a year, will no longer be so.
If you plan to file for recognition of your federal tax-exempt status as a public or private charity, you will need to ask your attorney about the special language you must include in your incorporation and governance documents.
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Tax-exempt interest from munis issued to fund private activities, such as sports arenas, must be included in income when calculating the alternative minimum tax.
Currently (and for the foreseeable future) the primary investor market for hedge funds is the United States, consisting of US tax-exempt investors, such as public and private pension funds and university endowments, and US high net worth investors.
Conferring a benefit on private interests is a non-exempt purpose.
Private schools, including international schools, are exempt.
Gift or no gift, tax-exempt organizations are not supposed to give large sums to select private individuals.
More than a dozen other states exempt some annual dollar amount of seniors' income--from private pensions, IRAs and sometimes other nonwage sources (see table).
He is the former head of the Exempt Organizations Division himself who is now a high-priced lawyer in private practice in Washington, D.
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Companies may still recover some reputational equity by making such common cause with their customers and partners, but that will not exempt them from the harshest penalties imposed to date for failing to protect private data.
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Fannie and Freddie's debt and securities are exempt from regulations that limit banks' exposure to the securities of any single private company.
The Manchin-Toomey plan would have expanded background checks to include private sales at gun shows and all Internet sales, while continuing to exempt most sales between family members and friends.
In return, private investors willing to step-up and take on the risk would be exempt from paying capital gains tax on their gains.
Imagine: exempt from state and local taxes, they also have less onerous capital-adequacy requirements than private rivals.
Denials of exempt status are about the only source of humor to be found in the entire body of private letter rulings.
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