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Topic: Exemption


In the News (Tue 29 Dec 09)

  
  CATHOLIC ENCYCLOPEDIA: Exemption
The Council of Trent sought to correct the abuses of exemption by placing the exempt, in many regards, under the ordinary jurisdiction of the bishops, or at least under the bishops as papal delegates.
Exemption ceases by the complete or partial withdrawal of the privilege by the giver, by customary exercise of a contrary usage, or by extinction of the rightful subject of the privilege.
Another kind of exemption applies to bishops, when released from the authority of the metropolitan, either at their own request or as a gracious act on the part of the Apostolic See, under whose direct control they are then placed.
www.newadvent.org /cathen/05706a.htm   (1654 words)

  
 Veterans' Exemption Q & A
Unlike the eligible funds veterans' exemption, however, the alternative exemption is limited to the primary residence (including, at local option, cooperative apartment) of a veteran, and is not based on eligible funds.
Under certain circumstances, the exemption also may be allowed where title is in the name of the dependent parent of the veteran or his or her child who is under 21 years of age.
In addition, the property for which the exemption is sought must be the primary residence of the veteran, the unremarried surviving spouse, or the Gold Star Parent unless that person is absent from the property due to medical reasons or is institutionalized.
www.orps.state.ny.us /pamphlet/exempt/vets.htm   (2145 words)

  
 Tax exemption - Wikipedia, the free encyclopedia
A tax exemption is an exemption to the tax law of a state or nation in which part of the taxes that would normally be collected from an individual or an organization are instead foregone.
Tax exemptions are usually meant to either reduce the tax burden from a particular segment of society in the interests of fairness or to promote some type of economic activity through reducing the tax burden on those organizations or individuals who are involved in that activity.
Typical tax exemption criteria used are age of the individual paying tax, public service which the individual has performed (war veterans), ownership of types of property (homeowners), geographic location of property, income level of the individual paying the tax, or the value of the property being taxed.
en.wikipedia.org /wiki/Tax_exemption   (809 words)

  
 ESPN.com: MLB - Baseball's antitrust exemption: Q & A
By virtue of the exemption, coupled with decades of reluctance of various courts to overrule, baseball is the only sport, or business for that matter, that has an exemption to the extent that it does.
Exemptions for boxing, football and basketball were denied in the higher courts, while hockey and golf antitrust exemptions were also denied in the lower courts.
If the exemption is removed and there is a challenge, the owners -- as in every antitrust case -- will have to prove that their action to eliminate teams is somehow better for the competitive business of the sport.
espn.go.com /mlb/s/2001/1205/1290707.html   (1665 words)

  
 Georgia Property Tax Guide - Property Tax Exemptions   (Site not responding. Last check: 2007-10-21)
Generally, a homeowner is entitled to a homestead exemption on their home and land underneath provided the home was owned by the homeowner and was their legal residence as of January 1 of the taxable year.
This exemption does not affect any municipal or educational taxes and is meant to be used in the place of any other state and county homestead exemption.
Whether you are filing for the homestead exemptions offered by the State or county, you should contact the tax commissioner or the tax assessor's office in your county for more information or clarification about qualifying for homestead exemption.
www.etax.dor.ga.gov /ptd/adm/taxguide/exempt/homestead.shtml   (1258 words)

  
 Exemption Information
The law allows just one (1) home exemption; if a husband and wife live apart and own separate homes, each shall be entitled to one-half (1/2) of one exemption or to an exemption apportioned between their respective homes in proportion to the assessed value.
To obtain the multiple home exemption, a taxpayer must be 60 years if age on or by December 31, preceding the tax year for which the exemption is claimed.
The home exemption will remain in effect as long as the veteran claiming the exemption remains totally disabled or the widow or widower of the totally disabled veteran remains unmarried.
www.kauai.gov /Default.aspx?tabid=95   (1070 words)

  
 Exemptions
Age 65 or older and disabled exemptions: Individuals 65 and older and/or disabled residence homestead owners may qualify for a $10,000 homestead exemption for school taxes, in addition to the $15,000 exemption for all homeowners.
You are eligible for this exemption if you can't engage in gainful work because of a physical or mental disability or you are 55 years old and blind and can't engage in your previous work because of the blindness.
To receive the exemption for that year, 65 or older or disabled homeowners must apply for the exemption no later than one year from the date you qualify or one year after the delinquency date, whichever is later.
www.window.state.tx.us /taxinfo/proptax/exmptns.html   (2362 words)

  
 FL Dept Rev - Florida Property Tax Exemptions
Generally, initial application for property tax exemption must be made between January 1 and March 1 of the year for which the exemption is sought.
On remarriage, the widow or widower is ineligible for the exemption.
An existing exemption can be transferred to a new qualifying residence.Application must be made on the new residence and all other criteria met for the continued homestead exemption.
dor.myflorida.com /dor/property/exemptions.html   (1373 words)

  
 What is an exemption on real estate?
An exemption is a release from the obligation of having to pay taxes on all or part of a parcel of real property.
The burden is on the applicant to show that he or she falls within the expressed terms of the exemption provision.
Exemptions are granted for one year only and an application must be filed to receive the exemption each year.
www.csc-ma.us /Support/exemption_faq.htm   (857 words)

  
 Exemption Planning   (Site not responding. Last check: 2007-10-21)
Exemption planning considers the use of statutory exemptions from collections as set forth by either Congress or the state legislatures.
The debtor’s fullest use of exemption planning may be significantly restricted by the 2005 changes to the Bankruptcy Code, unless the planning is done well in advance.
Most significant is the limitation of the state homestead exemption in bankruptcy to $125,000, regardless of state law providing for a larger or unlimited exemption.
www.exemptionlist.com   (441 words)

  
 Exemption Procedures
The exemption request must include a statement that the terms of the loan (interest rate, repayment schedule, duration of the loan, etc.) are not less favorable to the Plan than those obtainable in an arm's-length transaction between unrelated parties.
The exemption request must include a representation that the terms of the lease (e.g., rent, duration, allocation of expenses, etc.) are not less favorable to the Plan than those obtainable in an arm's-length transaction between unrelated parties.
The general rule for individual exemption requests involving a financial institution serving as the Qualified Independent Fiduciary is that less than 1% of the financial institution's deposits and less than 1% of its outstanding loans (both in dollar amounts) are attributable to the deposits and loans of the party in interest and its affiliates.
www.dol.gov /ebsa/programs/oed/exemptio.htm   (3782 words)

  
 Exemption - Wikipedia, the free encyclopedia
A student may elect to try for an exemption from a class, if he or she already knows the material from previous work at another school or job.
An exemption exam is usually taken by the student as proof of this knowledge.
In the Roman Catholic Church, Exemption is the whole or partial release of an ecclesiastical person, corporation, or institution from the authority of the ecclesiastical superior next higher in rank.
en.wikipedia.org /wiki/Exemption   (203 words)

  
 Tax Exemption
Statutes granting exemption are, according to the legislature and the courts, strictly construed against exemption and in favor of taxation.
Typically, under the categories in state statute section 70.11, exemption is based on ownership of the property, use of the property or a combination of ownership and use.
Applications for exemption must be filed with the local assessor on or before March 1st of the year for which exemption is sought.
www.waao.org /taxexemption.htm   (1061 words)

  
 Exemption for Farm Equipment and Machinery - Board of Equalization
A partial exemption from the sales and use tax became available under section 6356.5 for the sale, storage, use, or other consumption of farm equipment, machinery and their parts to qualified persons for use in qualifying activities.
A retailer is relieved from the liability for the sales or use tax subject to the partial exemption if they take a partial exemption certificate timely and in good faith, from a purchaser stating that the property will be used in a qualifying manner as provided under section 6356.5.
The partial exemption certificate should be retained for a period of not less than four (4) years.
www.boe.ca.gov /sutax/exemptfem.htm   (936 words)

  
 Exemption for Fuel and Electricity Consumed in Manufacturing
On the exemption certificate we previously furnished the electric utility, we claimed that 75% of the electricity billed for a specified meter is exempt as it is consumed in manufacturing tangible personal property in Wisconsin.
Manufacturer T failed to give its supplier an exemption certificate and paid $5,000 of sales tax on purchases of fuel and electricity it consumed in manufacturing tangible personal property in Wisconsin on or after January 1, 2006, but prior to when the 2005 Wisconsin franchise tax return was filed.
If you accepted a valid exemption certificate in good faith, you will not be liable for any tax based on the purchaser claiming an incorrect exemption percentage or claiming an exemption the purchaser is not entitled to claim.
www.dor.state.wi.us /faqs/ise/exemptn.html   (3099 words)

  
 Legal Exemptions
The religious exemption is intended for people who hold a sincere religious belief opposing vaccination to the extent that if the state forced vaccination, it would be an infringement on their right to exercise their religious beliefs.
The religious exemption is granted based on the First Amendment of the Constitution, which is the right to freely exercise your religion.
Proof of medical exemption must take the form of a signed statement by a Medical Doctor (M.D.) or Doctor of Osteopathy (D.O.) that the administering of one or more vaccines would be detrimental to the health of an individual.
www.909shot.com /state-site/legal-exemptions.htm   (927 words)

  
 Sangamon County, Illinois - Department Information   (Site not responding. Last check: 2007-10-21)
This exemption does not transfer, meaning if you buy a new property and you move to that property, you are required to make application for the exemption to be applied to the new residence and subsequently, the exemption will be removed from the old residence.
Homestead Improvement Exemption: This exemption allows an owner occupied residence to be improved to an extent that the value of the residence increases by up to $75,000 without an increase to the property taxes attributable to that new improvement for up to four years.
Senior Citizen Homestead Exemption: The qualifications for this exemption are the same as for the General Homestead Exemption with the additional requirement that the owner/occupant must be age 65 or over during that calendar year.
www.co.sangamon.il.us /departments/review-exempt.htm   (778 words)

  
 EXPERIMENTAL AIRCRAFT TRAINING RENTAL EXEMPTION (7162A)
The exemption was granted to help ensure that owners of experimental aircraft received the needed safety/transition training before they fly their new (purchased or built) aircraft for the first time.
Training under the exemption must be provided by an authorized instructor as described in 61.1(b) (2) or the holder of an LOA for that particular aircraft.
No, the exemption requires that the person providing the instruction must be a FAA authorized instructor (CFI) or the holder of a Letter of Authority (LOA) for the particular aircraft model used.
www.eaa.org /communications/eaanews/010628_exemption_faq.html   (1113 words)

  
 Exemption Description
This exemption defers for four years any increase in the assessment of your property due to an addition or other improvement to your home for which the Assessor would add value.
This exemption lowers the equalized assessed value of your property by $3,500, and may be claimed in addition to the Homestead General Exemption.
This exemption applies to the tax imposed by the Mobile Home Local Services Tax Act when the mobile home is owned and used exclusively by a disabled veteran, spouse or unmarried surviving spouse as a home.
www.ci.galesburg.il.us /Assessor/exemptiondescrip.htm   (1794 words)

  
 Department of Revenue: Property Tax Property Tax Exemptions
Exemptions are defined as property that has been removed from the assessment roll, thus excluded from taxation.
The portion of the property that's use qualifies for the exemption determines whether a full or partial exemption is granted.
Property for which this type exemption is requested must be actively occupied and used by the organization in a way that furthers its stated purpose.
www.oregon.gov /DOR/PTD/exemptions.shtml   (269 words)

  
 HCAD: Homestead Exemption Codes
Below is a list of the exemption codes and their meanings as used by the Harris County Appraisal District for real property.
Partial Homestead Exemption -- A partial homestead exemption code is applied to all separate accounts that are actually part of the owner's principal residence.
Partial Disability Homestead Exemption -- A partial homestead exemption code is applied to all separate accounts that are actually part of the owner's principal residence.
www.hcad.org /Help/RealHomesteadExemptions.asp   (164 words)

  
 Homestead and Other Exemptions   (Site not responding. Last check: 2007-10-21)
Homestead exemption is a constitutional benefit of up to a maximum $25,000 deducted from the assessed value of your property.
This exemption is available to any honorably discharged veteran deemed totally and permanently disabled, surviving spouses of the disabled veteran as well as spouses of veterans who died from service connected causes while on active duty.
Any person entitled to this exemption must be a permanent resident of the State of Florida as of January 1 of the year for which the exemption is being claimed.
www.co.hernando.fl.us /pa/Homestead.htm   (1972 words)

  
 Vaccine Exemption Forms by State
Religious exemption - By submitting to the student's school a Certificate of Immunization with the statement of religious exemption signed by the parent(s), or the emancipated student, indicating that the parent(s), or emancipated student is an adherent to a religious belief whose teachings are opposed to immunizations.
Personal belief exemption - By submitting to the student's school a Certificate of Immunization with the statement of personal exemption signed by the parent(s), or the emancipated student, indicating that the parent(s), or emancipated student has a personal belief that is opposed to immunizations.
The exemption shall exist only for the length of time, in the opinion of the physician, such immunization would be detrimental to the child.
www.unhinderedliving.com /statevaccexemp.html   (2474 words)

  
 Property Tax Exemption - ICIP
This program provides a partial exemption from or abatement of property taxes for varying periods of up to 25 years for eligible industrial and commercial buildings that are built, modernized, rehabilitated, expanded, or otherwise physically improved.
An exemption is granted on that portion of a property’s assessed valuation known as the exemption base.
The exemption base for each year is limited to the increase in assessed valuation solely attributable to improvements made to the commercial or industrial property.
www.nyc.gov /html/dof/html/property/property_tax_reduc_incentive.shtml   (981 words)

  
 Welcome to the Cook County Assessor's Virtual Office
The Senior Freeze Exemption allows qualified senior citizens to apply for a freeze of the equalized assessed value (EAV) of their property for the year preceding the year in which the applicant first qualifies and applies for this exemption.
Those who qualify and receive this exemption should be aware that this does not automatically freeze the amount of their tax bill.
The exemption is not granted for loss of personal property, normal weather damage, or routine maintenance.
www.cookcountyassessor.com /ccao/exemptions.html   (1226 words)

  
 Oklahoma County Assessor Homestead Exemption   (Site not responding. Last check: 2007-10-21)
Homestead Exemption is an exemption of $1,000 of the assessed valuation.
If you have been granted a homestead exemption and continue to occupy the homestead property you shall not be required to re-apply for homestead exemption.
Beginning January 1, 2006 you may qualify for a property tax exemption if you are either a totally disabled veteran or the surviving spouse of a veteran.
www.oklahomacounty.org /assessor/Homestead.htm   (951 words)

  
 Immunization Program
In evaluating the basis for the Exemptions for each of the vaccines, the Department established that vaccine was procured either directly from the manufacturer, or via a distributor/reseller.
The Department concludes that in order to meet the needs of the people of the State of Illinois, an exemption for the use of the multi-dose presentation of MPV is needed.
This Exemption is applicable for twelve (12) months from the date of signature, and may be reissued or amended upon further determination by the Department.
www.idph.state.il.us /about/MercuryExempt/exemption.htm   (1049 words)

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