In a stroke of political ingenuity, his plan calls for granting the exemption only to the extent that a company declaring the dividend has paid honest-to-God taxes of its own.
Billington, who has bequeathed a wonderful gift upon millions of cellphone users by granting an exemption wherein consumers may legally break the software locks on their handsets in order to transfer service to another carrier.
The IRS requested and reviewed a list of all our members prior to granting the exemption, and it also devoted a single part-time staff person to manage all the incoming news applications, most of which apparently received heightened scrutiny.