Tax Exemption - Exempt Organizations

Exempt Organizations

Some governments grant broad exclusions from all taxation for certain types of organization. The exclusions may be restricted to entities having various characteristics. The exclusions may be inherent in definitions or restrictions outside the tax law itself.

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Famous quotes containing the word exempt:

    “But grant, the virtues of a temp’rate prime
    Bless with an age exempt from scorn or crime;
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    —Samuel Johnson (1709–1784)