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 ?
In short, religious organizations benefit tremendously from their tax-exempt status. (5) However, this tax-exempt status is not a given; the tax-exempt status for religious organizations is neither a right that was found to be in existence prior to the formation of the United States and therefore enshrined in the Constitution, nor is it a right created by the Constitution.
"We're extremely pleased that the final legislation keeps the tax-exempt status for PABs.
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.
The league office of the most popular sport in the United States announced that it would voluntarily drop its 501(c)(6) tax-exempt status and file as a corporate entity.
The IRS letter granting their 501(c)(3) tax-exempt status is available on the organization's website.
NFL gives up tax-exempt status. The NFL's front office will voluntarily give up its decades-old 501(c)(6) tax-exempt status, the league announced on April 28.
WASHINGTON -- Every so often, in a bid to sound threatening, a member of Congress has vowed to revoke the NFL's tax-exempt status. Now, NFL Commissioner Roger Goodell says the league will give it up voluntarily to ''eliminate this distraction.''
"Congress should eliminate the tax-exempt status of credit unions as part of comprehensive tax reform, a process by which members of credit unions and non-members alike will undoubtedly benefit from the bounty of enhanced economic growth," Coburn, a member of the Senate Banking Committee, wrote in the report titled, "Tax Decoder."
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.