Sentences with phrase «exempt under state»

In Texas, all federal exemptions are automatically exempt under state law as well.

«It would therefore be an asset that would be available to creditors, unless the debtor can exempt them under state or federal exemptions.

There are some people who are considered «judgment proof» because everything they have is exempt under state law.

Not exact matches

Britain, Ireland and Denmark are already exempt from carrying out the plans under EU treaties, but many of the other 25 member states reject quotas under pressure from anti-immigrant parties.

Mendez didn't buy that, writing, «The UIGEA language exempting fantasy sports has no corresponding authority under New York State law... The exception found in UIGEA does not apply under the current New York statutory language.»

If it is, there are two perfectly legal reasons why they may be requesting a tax ID number: (1) They want to confirm that your shipment is exempt from state sales and use taxes, or (2) they want to confirm that you're not engaged in terrorist activities under the U.S. Patriot Act.

While this course could be seriously useful for those going into the wine or restaurant business, there's an added bonus for those who take it: All students are exempt from 21 - year - old age requirement under Section 65 of New York State law.

States and provinces have the right to exempt certain public agencies from competitive bidding under WTO rules, although Canada entered these NAFTA negotiations hoping to expand free trade for public contracts with the giant U.S. market.

Even if your wealth falls under the federal estate tax threshold — in 2016, up to $ 5.45 million per person is exempt — it may be subject to state estate taxes, which often have lower caps.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

Attorney Eugene Pettis said the videos are exempt from release under the state's public records laws because...

Parent is involved in several lawsuits in which the plaintiffs are seeking unpaid overtime compensation and other damages based on allegations that various employees of Electronic Data Systems Corporation («EDS») or Parent have been misclassified as exempt employees under the Fair Labor Standards Act and / or in violation of the California Labor Code or other state laws.

This exemption provides that any issue of securities offered only to investors residing within one state, where the issuer is a resident of the same state, is exempt from registration under the federal securities laws.

It shall be unlawful for any broker, dealer, or exchange, directly or indirectly, to make use of the mails or any means or instrumentality of interstate commerce for the purpose of using any facility of an exchange within or subject to the jurisdiction of the United States to effect any transaction in a security, or to report any such transaction, unless such exchange (1) is registered as a national securities exchange under section 6 of this title, or (2) is exempted from such registration upon application by the exchange because, in the opinion of the Commission, by reason of the limited volume of transactions effected on such exchange, it is not practicable and not necessary or appropriate in the public interest or for the protection of investors to require such registration

Under the SEC, the security is exempt under section 3 of the SECURITIES ACT OF 1933 from all requirements of the act, with the exception of fraud, which is stated in section 17 of theUnder the SEC, the security is exempt under section 3 of the SECURITIES ACT OF 1933 from all requirements of the act, with the exception of fraud, which is stated in section 17 of theunder section 3 of the SECURITIES ACT OF 1933 from all requirements of the act, with the exception of fraud, which is stated in section 17 of the act.

RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based, asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a minimum of $ 350,000,000 in total regulatory assets under management, as reported in response to Item 5 in Part 1A of the RIA's Form ADV, throughout the duration of RIA's participation in the Program; (5) RIA and all associated persons of the RIA who manage client assets or who supervise such associated persons shall at all times be covered through both Errors and Omissions Liability Insurance and Fidelity Bond Coverage; and (6) RIA maintains a minimum of two principals or officers as well as a minimum of five employees.

The Company will file with the SEC as an exempt security in the United States under Rule 506 (c) of Regulation D, within 15 days of the pre-sale round commencing.

They suggested three ways in which RFRA might conceivably be interpreted (misinterpreted, really) to create bad consequences: (1) to give a church's opponents legal «standing» (a technical term meaning the right to sue) to challenge the church's tax - exempt status; (2) to allow taxpayers to claim their free exercise rights would be violated if a religiously affiliated organization receives government assistance under a secular program; and, most importantly, (3) to allow pro-abortion plaintiffs to claim a free exercise right to abortion if Roe v. Wade is overruled and states enact anti-abortion laws.

The northern Christian population grew rapidly; in fact, Christians today form the majority in half of the 12 northern states, which are now all under Islamic law (although Christians are in theory exempt from Shari`ah provisions).

The Hawaii State Junior Golf Association is a non-profit, tax - exempt organization under section 501 (c)(3) of the Internal Revenue Code and gains it's funding through memberships, sponsorships, grants and contributions.

My concern is that in this era of draconian state education budget cuts (here in Texas, we rank second to last in per - student spending), state agencies, under pressure from cash - strapped districts, might be far too liberal in allowing these exempt — but often quite lucrative — fundraisers.

The panel is advisory in nature, its executive director Regina Calcaterra said, and is exempt from requirements under the state Open Meetings Law.

Under current state laws, coaches are exempt from rules that require teachers and school health care professionals to report to police any suspected child sexual abuse.

Under the new regulations, 501 (c)(4) tax - exempt organizations that spend more than $ 10,000 on federal, state and local political activities will be required to file itemized schedules of their expenses and contributions.

Most large groups are exempt from state regulation under federal law.

Under New York State law, 501 (c) 4 groups were never entirely exempt from such disclosure but were in fact able to conceal the identities of their donors as long as they didn't expressly call for voting for or against a particular candidate.

Under the program, qualifying businesses can be exempt from state property, corporate and income tax liability for up to 10 years.

The President also stated that any headteacher found charging fees already exempted under the Free SHS policy would be dealt with.

As DFS Superintendent Maria Vullo writes in a letter to insurers, also dated Saturday, contraceptives are already exempt from copayments under existing state and federal laws.

(d) A member of a defense force established under subsection (c) is not, because of that membership, exempt from service in the armed forces, nor is he entitled to pay, allowances, subsistence, transportation, or medical care or treatment, from funds of the United States.

Under state law, this year's contingency plans are calculated at zero percent growth above the previous year's budget, though certain areas of spending are exempt.

ALBANY — A measure in New York's state budget would exempt very expensive boats from sales tax, under an agreed - upon budget bill printed over the weekend.

«Has anybody ever spoken about capital projects and how we have infrastructure that desperately needs to be maintained and replaced and we're not getting any help for that and it's not exempt under the [state] tax cap at all?»

Some of the revenue measures, such as reimposing state sales tax on shoes and clothing under $ 100 (it has been exempted in recent years), are scheduled to begin on Oct. 1, meaning that plan needs to be passed by that time.

That's because much of the state Legislature's correspondence and other records are exempt from disclosure under FOIL.

(Internal communications or those between state agencies are generally exempt from disclosure under FOIL.)

In the event of dissolution or termination of the Association, the Board shall, after the payment of all of the liabilities of the Association, dispose of all of the assets of the Association exclusively for the objectives of the Association, in such manner, or to such organization or organizations organized exclusively for charitable, educational, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) as the Board shall determine.

Notwithstanding any of the provisions of the Constitution, the Association shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170 (c) 2 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).

Under a provision of the state penal code, he said, parents and teachers are exempt from any criminal assault charges stemming from the use of corporal punishment.

(Sec. 7007) The bill expands eligibility for emergency and modernization grants to an LEA that meets specified existing requirements if at least 10 % of the LEA's acreage is exempt from state and local taxation under federal law.

A noninstructional contractor who is exempt under this section from the screening requirements set forth in s. 1012.465 or s. 1012.467 is subject to a search of his or her name or other identifying information against the registration information regarding sexual predators and sexual offenders maintained by the Department of Law Enforcement under s. 943.043 and the National Sex Offender Public Registry maintained by the United States Department of Justice.

A hope operator is a nonprofit organization with tax exempt status under s. 501 (c)(3) of the Internal Revenue Code that operates three or more charter schools that serve students in grades K - 12 in Florida or other states with a record of serving students from low - income families and is designated by the State Board of Education as a hope operator based on a determination that:

The Center for Effective Reading Instruction (CERI) is a nonprofit, tax - exempt subsidiary of the International Dyslexia Association, incorporated under the laws of the State of Maryland.

An employee evaluation prepared pursuant to s. 1012.33, s. 1012.34, or s. 1012.56 or rules adopted by the State Board of Education or district school board under the authority of those sections shall be confidential and exempt from the provisions of s. 119.07 (1) until the end of the school year immediately following the school year in which the evaluation was made.

The webinar will address common charter school human resources questions, such as state leave days, and exempt and nonexempt employees under the Fair Labor Standards Act, to name a few.

Two years later, the administration gave states the opportunity to apply for waivers that exempted them from a federal requirement under No Child Left Behind that 100 percent of American students be proficient in reading and math by 2014.

It is true that there were guidelines initiated by the federal Department of Education under the No Child Left Behind Act in 2002 that no doubt put pressure on the states not to have a disproportionate number of students in special education and the law actually put limits on the percentage that could be exempted from the required achievement assessments.

Innovation Network Schools are autonomous public schools that will operate under a contract with IPS and are exempt from IPS administrative practices and many state regulations, giving them the autonomy and accountability that are hallmarks of high - performing schools.

Under Malloy's proposed «Commissioner's Network» system, the commissioner of education will take over 25 failing schools, fire the staff, ban collective bargaining, turn the schools over to a third party and that entity will then be legally exempt from the state's laws requiring competitive bidding and the law limiting the use of outside consultants.

Under the current law, students who attend special state schools are exempt from the state's compulsory attendance policies.