tax exemption

(redirected from Tax-exempt status)
Also found in: Financial, Encyclopedia.
Related to Tax-exempt status: Form 1023
Translations

tax exemption

nesenzione f fiscale
References in periodicals archive ?
The American Center for Law and Justice (ACLJ) announced October 26 that after a years-long legal battle with the Internal Revenue Service, it had reached a settlement for at least three dozen conservative organizations--many with "Tea Party" or "patriot" identifications--which had been ideologically targeted when applying for tax-exempt status with the IRS between 2009 and 2012.
The Brazos County Appraisal District (Brazos County) voided the tax-exempt status of TSHA and assessed millions in back property taxes for 2005-2008, arguing that the use of the Cambridge by summer campers defeated the property's tax-exempt status.
Solicitor General Donald Verrilli opined that a decision to legalize same-sex marriage "is certainly going to be an issue" for the continuing tax-exempt status of some religious institutions in oral arguments in April.
WASHINGTON -- Every so often, in a bid to sound threatening, a member of Congress has vowed to revoke the NFL's tax-exempt status.
The nonprofit club, which has five outdoor firing ranges on 37 acres, reapplied for tax-exempt status as a property "exclusively occupied or used as a public park or for public recreation," under Oregon law.
Congress is debating federal tax reform, including a cap or a repeal of the tax-exempt status of municipal bond interest.
In a report issued on May 14, the Treasury Inspector General for Tax Administration (TIGTA) found that the IRS used inappropriate criteria that identified for review applications for tax-exempt status from tea party and other organizations based upon their names or policy positions instead of focusing on the activities of the organizations and whether they met the requirements under the law for tax-exempt status.
They also want to know why former IRS Commissioner Douglas Shulman didn't tell Congress that agents had been singling out conservative political groups for additional scrutiny when they applied for tax-exempt status - even after he was briefed.
For example, in 2010, the passionately pro-Israel organization Z STREET filed a lawsuit against the IRS, claiming it had been told by an IRS agent that because the organization was "connected to Israel," its application for tax-exempt status would receive additional scrutiny.
The overall number of tax-exempt organizations in the United States dropped by 18 percent last year as the number of applications for tax-exempt status declined by about 7 percent compared to 2010.
The IRS included several dozen credit unions on its list of organizations that would lose their tax-exempt status because the agency hadn't received the forms.
Under these circumstances, the Fund does not jeopardize its tax-exempt status under Section 501(c) (9) by providing permissible benefits to former spouses who meet the definition of dependent.