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tax exemption
(redirected from Tax-exempt organization)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various charities, civic leagues, labor unions, trade associations, social clubs, and political organizations. Such policies date back to 1894, when the U.S. Congress passed income tax laws that provided exemptions for certain institutions.
tax exemption
The release of a property from the obligation to pay real estate taxes.


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For a detailed discussion of the issues in this area, see "Small Tax-Exempt Organization E-Postcard Requirements Finalized," by Sarah Lovinger, in the November 2009 issue of The Tax Adviser.
6033(i) for small tax-exempt organizations that are not required to file an annual information return under Sec.
These changes also reinforce a changing role for the board of directors of a tax-exempt organization.
 
 
 
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