Sentences with phrase «exempt status of»

Understanding how the tax - exempt status of the client or a co-investor affects issues relating to control and «exit strategies» for real estate investments

Mr. White said the school's chief source of income was an annual rent of $ 1,917,000 it derives for the land it owns un der the Chrysler Building, The tax ‐ exempt status of that prop erty, which was granted in 1858, has been under repeated attack by city officials who have sought, without success, to have it repealed in the Legis lature.

They are, in fact, acting as retail pet stores, enjoying the tax - exempt status of non-profit organizations even as some pay themselves exorbitant salaries by non-profit standards.

«The large amount of assets held in real estate is a rational response to the tax - exempt status of the primary residence, which essentially gives every homeowner an unlimited Tax Free Savings Account.»

In addition, changes in federal tax laws or the activity of an issuer may adversely affect the tax - exempt status of municipal bonds.

The tax - exempt status of munis not only relieves buyers from paying tax on the interest income, but also allows the government issuers to borrow at favorable rates.

Legally, in order for the tax - exempt status of a bond to pass through any kind of structured product, the credit risk of the municipal has to be retained by the investor.

the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and education

The tax - exempt status of municipal bonds does not extend in all instances to the alternative minimum tax.

The Senate bill, which passed in early December, did not include many of the most concerning provisions, and the final bill, agreed to by House and Senate Republicans and now nearing a vote, preserves the tax - exempt status of graduate student tuition waivers and does away with the House bill's most serious impacts on higher education.

IRS rules warn that it could revoke the tax - exempt status of charitable groups that engage in partisan activities, including campaign contributions.

She added that payments into the general fund «could jeopardize the tax - exempt status of the entire» Teachers» Retirement Fund.

to spearhead his own «audit of the tax - exempt status of SUNY Poly,» adding in a blog post that «the many private and profitable companies being sheltered under the tax - exempt status of SUNY Poly [must] finally pay their fair share toward the cost of city services.»

Frank Commisso, Jr., an Albany common councilman who is running for mayor this year, has pledged to spearhead his own «audit of the tax - exempt status of SUNY Poly,» adding in a blog post that «the many private and profitable companies being sheltered under the tax - exempt status of SUNY Poly [must] finally pay their fair share toward the cost of city services.»

Miner also asked Katko to make sure any tax reform plan preserves the tax - exempt status of municipal bonds, which helps cities finance their infrastructure projects.

Sen. Ruben Diaz Sr.'s fleet of campaign vehicles could endanger the tax - exempt status of his church.

If you want to take away tax exempt status of churches for expressing their views, then you also need to do the same for secular nonprofits who are outspoken in their political activism.

Landmark Church pastor Dan Little took the IRS to court, arguing the agency was violating the church's First Amendment rights and the agency was only able to revoke the tax - exempt status of a «religious organization,» not an actual church.

If the pastor expresses a viewpoint with which one disagrees then those individuals want to see the tax exempt status of that church revoked.

Suits were brought against the tax - exempt status of ecclesiastical organizations.

He endorsed former Texas Governor Rick Perry in 2011, prompting Americans United for the Separation of Church and State to ask the IRS for an investigation into the tax - exempt status of Jeffress» church.

«During the oral arguments last month before the Supreme Court, Justice Alito asked the Solicitor General (who was arguing that same - sex couples have a constitutional right to marry) if the Bob Jones University ruling would result in the loss of tax - exempt status of any religious school that opposed same - sex marriage.

Knowing that the power to tax is the power to control, states have traditionally respected the tax - exempt status of religious property and activities.

No, Weyrich insisted, what got us going as a political movement was the attempt on the part of the Internal Revenue Service (IRS) to rescind the tax - exempt status of Bob Jones University because of its racially discriminatory policies.»

The assessor's office revoked the tax - exempt status of that portion of the property, since it was being used to produce a profit for someone part of the time.

Better still, remove the tax exempt status of religious organizations instead.

Removing the tax exempt status of church properties and church income, which would in effect give billions annually to local, state and federal governments would not solve our country's problems.

In November 2003, the St. Louis Post-Dispatch published a fourpart special report referencing her «$ 10 million corporate jet, her husband's $ 107,000 Mercedes sedan, her $ 2 million home...» Meyer and her family were subsequently investigated by the Internal Revenue Service (IRS) and Joyce Meyer Ministries was later one of six investigated by the United States Senate inquiry into the tax - exempt status of religious organisations by Senator Chuck Grassley.

The tax - exempt status of municipal securities may be changed by legislative process, which could affect their value and marketability.

Not exact matches

Last year, the HBO documentary Going Clear drew in millions of viewers as it went in - depth into controversial claims from former members and people associated with the church, while also investigating the religion's tax - exempt status.

Under FLSA employees are assigned to either «exempt» or «non-exempt» status, i.e., those who are exempt from the requirements of FLSA and those who are not.

The nondiscrimination rules and regulations of the Affordable Care Act make it difficult for employers to switch workers» eligibility for health benefits between exempt and non-exempt status.

And the office of Rep. Raul M. Grijalva (D - Arizona) sent a letter to the Internal Revenue Service questioning NFIB's tax - exempt status, the Washington Post notes.

A nonprofit organization or a «501 (c) 3» for short, named after it's status, is a type of business organization that has tax exempt status.

The possibility of gaining tax - exempt status or 501 (c) 3 eligibility, government grant eligibility, and the many fundraising opportunities sounds pretty alluring for any business owner.

NFPs will lose their tax - exempt status if income is payable to or available for the benefit of members or shareholders, or if the entity has the ability to declare or pay dividends.

In addition, NFPs are in danger of losing their tax - exempt status if they are too financially successful and their accumulated profits go beyond what the CRA believes is required to operate the NFP or if such accumulated profits are for the purpose of funding future capital projects.

The Company plans to file for exempt security status with the US Securities Exchange Commission (SEC) within 15 days of the token sale commencing on February 8, 2018.

Any organization that discriminates based on orientation is subject to the revocation of it's tax exempt status.

athiests are angry at those who follow god, because we pay the same taxes, but your orginazations take a tax exempt status, commit illigal acts, but telling the followers how and who to vote for (violation of NPO status), then you b ** ch and moan when seculars want you taxed.

I think we should end their tax exempt status unless they can prove they give more than 75 % of revenues to the poor.

Then hello audit and loss of tax exempt status... SICK OF of tax exempt status... SICK OF OF IT

When in fact that it was the Us government pressure of revoking their tax exempt status, Yea they are extremely brainwashed!!!!!

Religion needs to get out of politics, and if they can't, they need to lose their tax exempt status.

To do so would mean the end of their tax - exempt status.

Churches that could not demonstrate that all monies charged were directly used to cover costs were in danger of losing their tax exempt status for the building.

It seems that your own atheist brethren can; t seem to grasp it either, as they have claimed to «worship the god of reason», and have demanded tax - exempt status, and are demanding that atheist «deacons» frequent military chapels...

Some of these challenges are significant: campus ministries experience hurdles to campus access, Christian adoption and social service agencies confront regulations in tension with their missional convictions, and Christian educational institutions face threats to their accreditation and tax - exempt status.

And the government's removal of tax - exempt status had a purpose: one Supreme Court justice described it as «elementary economics: when something becomes more expensive, less of it will be purchased.»

Last Thursday night, a Democratic senator announced that the repeal of the Johnson Amendment, which would allow churches to endorse political candidates without losing their tax - exempt status, was being struck from the GOP's tax bill.