exemption from taxation

In the broad sense, all property not taxed; in a narrower sense, the grant of immunity, express or implied, to particular persons or corporations, or to persons or corporations of a particular class, from a tax upon property or an excise which persons and corporations generally within the same taxing district are obliged to pay. 51 Am J1st Tax § 495. See tax exempt income; tax exemption; tax exempt organization.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • special exemption from taxation — An exemption from taxation granted to a particular class of persons, such as veterans, old persons, or persons of limited means without earning power. Eyers Woolen Co. v Gilsum, 84 NH 1, 64 ALR 1196, 146 A 511. An exemption from taxation granted… …   Ballentine's law dictionary

  • general exemption from taxation — An exemption applicable to all persons of a certain class or of all property of a certain kind; a prerogative of the legislature except as controlled by constitutional provision. Eyers Woolen Co. v Gilsum, 84 NH 1, 146 A 511, 64 ALR 1196 …   Ballentine's law dictionary

  • TAXATION — This article is arranged according to the following outline: historical aspects legal aspects the biblical period the talmudic period the post talmudic period in general yardsticks of tax assessment taxable property Place of Residence, Business,… …   Encyclopedia of Judaism

  • exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …   Law dictionary

  • Taxation in Switzerland — Taxes in Switzerland are levied by the Swiss Confederation, the cantons and the municipalities. Switzerland is a tax haven due to its general low rate of taxation, its political stability as well as the various tax exemptions or reductions… …   Wikipedia

  • Exemption —    Any form of immunity from taxation or other obligation to the state. Exemptions could be temporary or permanent. From the 14th century, permanent exemptions like exkousseia (q.v.) were granted by the emperor (q.v.) with increasing frequency to …   Historical dictionary of Byzantium

  • exemption — noun Date: 14th century 1. the act of exempting or state of being exempt ; immunity 2. one that exempts or is exempted; especially a source or amount of income exempted from taxation …   New Collegiate Dictionary

  • Taxation in the United Kingdom — This article is part of the series: Politics and government of the United Kingdom Central government HM Treasury HM Revenue and Customs …   Wikipedia

  • Taxation in the United States — is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and… …   Wikipedia

  • Taxation in the Republic of Ireland — The system of taxation in Ireland is broadly similar to the system of taxation in the United Kingdom. On an individual basis most people are taxed through the Pay As You Earn (PAYE) system, based on their ability to pay the system is quite… …   Wikipedia

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