exemption


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Related to exemption: Tax exemption
  • noun

Synonyms for exemption

Synonyms for exemption

a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)

References in periodicals archive ?
The most vocal and visible proponent of a cadmium exemption for artists is New York City gallery owner Sherry French.
NTCG guarantees tax savings to all California banks through the utilization of the seldom utilized California Enterprise Interest exemption program, which allows banks to exclude the net interest income associated with loan activities to businesses located in designated business communities.
45,000 for joint returns, less 25 percent of AMTI exceeding $150,000 (no exemption if AMTI is $330,000 or more);
But at The Capri, we applied for (and received approval for) the exemption long enough in advance to allow every single buyer to experience the tax benefits immediately--no ands, its or buts.
In addition, the income tax exemption clause included in all bilateral agreements extends to USAID contractors.
The exemption allowed homeowners to exempt the first $7,000 of the home's purchase price from their property tax bill.
Generally under section 152(a), a parent who provides more than half of the support for a child during a tax year can claim a dependency exemption on his or her tax return ($3,100 for 2004).
These annual adjustments, known as the low reserve tranche adjustment and the reservable liabilities exemption adjustment, are based on growth in net transaction accounts and total reservable liabilities, respectively, at all depository institutions between June 30, 2002, and June 30, 2003.
In 1998, lawmakers enacted a tax exemption for religious groups operating camps and retreats and one for all purchases by the Catholic Church-affiliated Society of the Little Sisters of the Poor.
The most common type of historic property tax incentive is an abatement or exemption for the value of all improvements made to the structure.
A' Duqm, April 26 (ONA) Yahya bin Said al- Jabri, Chairman of the Special Economic Zone Authority in Duqm (SEZAD) issued a decision issuing the regulations that regularize granting tax exemption in SEZD.
501(c)(4), 501(c)(5), 501(c)(6) or 501(c) (7) may submit a California Form 3500A--Submission of Exemption Request--along with a copy of their IRS tax-exempt determination letter to the FTB to establish their state income tax exemption.
A lawmaker is seeking an additional exemption for senior citizens in determining income tax, which shall be equivalent to the maximum amount of exemption allowed for dependents.
By this date farmers will need to have registered for a new exemption and the show provides an ideal platform for our members to do this.
Complex exemptions under the old system will be more difficult to transfer across because they may not be considered low risk enough to qualify for an exemption.