exemption

Definition of exemption in English English dictionary: Freedom from a defect or weakness; An act of exempting; A deduction from the normal amount of taxes; The state of being exempt; immunity; {n} a privilege, a freedom from; the condition of not being required to enroll in mandatory Medicaid managed care, for a reason such as being homeless People who are exempt are permitted to enroll if they want to; a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc ); "additional exemptions are allowed for each dependent"; State or EPA permission for a water system that doesn't meet a certain water standard An exemption allows a system additional time to obtain financial assistance or make improvements in order to come into compliance with the standard The system must prove that: (1) there are compelling reasons (including economic factors) why it cannot meet a MCL or Treatment Technique; (2) it was in operation on the effective date of the requirement, and (3) the exemption will not create an unreasonable risk to public health The state must set a schedule under which the water system will comply with the standard for which it received an exemption; immunity from an obligation or duty; Amount of a taxpayer's income that is not subject to tax All individuals, TRUSTS, and estates qualify for an exemption unless they are claimed as a dependent on another individual's tax return Exemptions also are granted to taxpayers for their dependents; A form of recognition that is granted to a student, whereby the student is exempted from a specific module or modules; An exemption is granted by an institution when a student is not required to undertake a part of a unit of study, a unit or units of study because of prior studies or work experience Such exemption is referred to by various names, such as "credit", "status" or "advanced standing"; freedom for a monastery from episcopal control and oversight; an act exempting someone; "he was granted immunity from prosecution" a deduction allowed to a taxpayer because of his status having certain dependents or being blind or being over 65 etc; – A deduction amount that reduces your tax You are generally allowed one exemption for yourself and, if you are married, one exemption for your spouse (personal exemptions), and one exemption for each person you claim as a dependent (exemptions for dependents) Back to Top; If you can demonstrate that you have completed parts of a course you may be eligible for exemption from those aspects This may include release from lectures, practicals, tutorials, projects or any other component of a course including elements of assessment The exact requirements will be set out by the Program Director; "additional exemptions are allowed for each dependent" immunity from an obligation or duty; Removal of property from the tax base Exemption may be partial, as a homestead exemption, or complete as, for example, a church building used exclusively for religious purposes; an act exempting someone; "he was granted immunity from prosecution"; to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc; - A geographic area that is not subject to the prohibitions in the alternatives; An exemption is a determination, made in accordance with Circular A-76 and this Supplement, that a commercial activity may be converted to or from in-house, contract or ISSA performance, without cost comparison and may be justified by reasons other than cost; Permission not to take a course which is normally required within a program of studies, but which must usually be replaced by another course with the same number of credits; a deduction allowed to a taxpayer because of his status having certain dependents or being blind or being over 65 etc; A state with primacy may relieve a public water system from a requirement respecting an MCL, treatment technique, or both by granting an exemption if the system cannot comply due to compelling economic or other factors, the system was in operation on the effective date of the requirement or MCL, and the exemption will not create an unreasonable public health risk See Variance; Release from liability for payment of taxes; A State with primacy may relieve a public water system from a requirement respecting an MCL,treatment technique or both, by granting an exemption if certain conditions exist These are: 1) the system cannot comply with a MCL or treatment technique due to compelling factors which may include economic factors; 2) the system was in operation on the effective date of the MCL or treatment technique requirement; and 3) the exemption will not result in an unreasonable public health risk Also see variance; {i} freedom from a debt or obligation to which others are subject, release, exception, immunity; A deduction from taxable income for you, your spouse and your dependents The IRS allows a dollar amount for each exemption you claim and you subtract this amount from your adjusted gross income to come up with the amount of money which you must pay taxes on; Allowance of a deduction from the taxable assessed value of the property as prescribed by law; Property that the Bankruptcy Code or applicable state law permits a debtor to keep from creditors; Property tax exemptions specified IX§ 2, Constitution of Arizona for widow, widowers, and permanently disabled; a document issued under the authority of 49 U S C 5117 by the Associate Administrator that authorizes a person to perform a function that is not otherwise authorized under subchapter C, or other regulations issued under 49 U S C 5101-5127 (e g , Federal Motor Carrier Safety Administration routing); – A personal allowance used as a subtraction from taxable income For Tax Year 2002, it is $3,000; "additional exemptions are allowed for each dependent"; A document issued by the Associate Administrator for Hazardous Materials Safety, Research and Special Programs Administration, U S Department of Transportation, that authorizes a person to perform a function that is not otherwise authorized in Subchapter A of 49 CFR (See 49 CFR Part 107 3 ); State or EPA permission for a water system not to meet a certain drinking water standard An exemption allows a system additional time to obtain financial assistance or make improvements in order to come into compliance with the standard The system must prove that: (1) there are compelling reasons (including economic factors) why it cannot meet a MCL or Treatment Technique; (2) it was in operation on the effective date of the requirement, and (3) the exemption will not create an unreasonable risk to public health The state must set a schedule under which the water system will comply with the standard for which it received an exemption; The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc; State and federal laws which provide that a certain amount or proportion of a debtor's assets shall be exempt from liquidation The bankruptcy code gives the states choice which one it will follow, state or federal exemptions Utah elected to go with its own state exemptions; An amount ($2,800 for 2000) allowed by law as a reduction of income that would otherwise be taxed There are two kinds of exemptions: personal and dependency
exemption certificate: written authorization releasing one from an obligation
exemption stipulation: clause of a contract stating that one side is not liable for damages
exempt: To free from obligation
exempt: One who has been released from something
exempt: To grant immunity to
exempt: Free from a duty or obligation
His income is so small that it is exempt from tax.
exempt: Not entitled to overtime pay when working overtime
exempt: free, clear, or released, as from some liability, or restriction affecting others
exempt: {v} to privilege, to free
exempt: {a} free, not liable to
exempt: To release; as, to exempt from military duty, or from jury service
exempt: (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"
exempt: To exempt from fear or pain
exempt: Assets that are not considered for bankruptcy proceedings Exempt is also used to refer to assets not considered in the determination of eligibility for Medicaid
exempt: To remove; to set apart
exempt: grant relief or an exemption from a rule or requirement to; "She exempted me from the exam" (of persons) freed from or not subject to an obligation or liability (as e
exempt: To exempt a person or thing from a particular rule, duty, or obligation means to state officially that they are not bound or affected by it. South Carolina claimed the power to exempt its citizens from the obligation to obey federal law + exemption exemptions ex·emp·tion the exemption of employer-provided health insurance from taxation. not affected by something, or not having to do it or pay it exempt from (exemptus, past participle of eximere; EXAMPLE). to give someone permission not to do or pay something exempt sb from sth
exempt: Cut off; set apart
exempt: Free, or released, from some liability to which others are subject; excepted from the operation or burden of some law; released; free; clear; privileged; (with from): not subject to; not liable to; as, goods exempt from execution; a person exempt from jury service
exempt: To release or deliver from some liability which others are subject to; to except or excuse from he operation of a law; to grant immunity to; to free from obligation; to release; as, to exempt from military duty, or from jury service; to exempt from fear or pain
exempt: One of four officers of the Yeomen of the Royal Guard, having the rank of corporal; an Exon
exempt: Class of work not regulated under the Fair Labor Standards Act For further information, call the U S Department of Labor, Wage and Hour Division
exempt: {f} free from an obligation to which others are subject
exempt: To release or deliver from some liability which others are subject to
exempt: Income that is not taxable For example, prizes from the National Lottery or winnings from gambling
exempt: A description of any property that a debtor may prevent creditors from recovering Back > To top
exempt: Extraordinary; exceptional
exempt: Instruments exempt from registration requirements of the Securities Act of 1933 and the margin requirements of the Securities and Exchange Act of 1934 Exempt securities include debt of the U S Treasury, U S Government agencies and municipalities, private placements, commercial paper, Title XI, and equipment trust certificates
exempt: A description of any property that a debtor may prevent creditors from recovering
exempt: One exempted or freed from duty; one not subject
exempt: grant relief or an exemption from a rule or requirement to; "She exempted me from the exam"
exempt: taxes to which others or other things are subject; "a beauty somehow exempt from the aging process"; "exempt from jury duty"; "only the very poorest citizens should be exempt from income taxes
exempt: Refers to being free of being banned or kicked from a #channel
exempt: If you are an exempt employee, you are paid on a salaried basis and are not paid for overtime
exempt: To except or excuse from the operation of a law
exempt: Property that is exempt is removed from the bankruptcy estate and is not available to pay the claims of creditors The debtor selects the property to be exempted from the statutory lists of exemptions available under the law of his state The debtor gets to keep exempt property for use in making a fresh start after bankruptcy More on Exemptions
exempt: (of persons) freed from or not subject to an obligation or liability (as e
exempt: Not subject to a tax
exempt: If someone or something is exempt from a particular rule, duty, or obligation, they do not have to follow it or do it. Men in college were exempt from military service
exempt: {s} freed, released from an obligation
exempt: The jurisdictional class of positions deemed impracticable to fill by tests of any kind No minimum training and experience requirements are established for exempt positions
exempt: means NOT covered by FLSA overtime pay provisions (GS-1811 criminal investigators receiving availability pay are exempt ) [5 CFR part 551, subpart B] [HRO Part 2, Chapter 3, Hourly Compensation for Overtime Work]
exempt: (of persons) freed from or not subject to an obligation or liability (as e g taxes) to which others or other things are subject; "a beauty somehow exempt from the aging process"; "exempt from jury duty"; "only the very poorest citizens should be exempt from income taxes"
exempt: grant exemption or release to; "Please excuse me from this class"
exemptions: a privilege allowed by law to a judgment debtor by which a certain amount or class of property is protected from sale to satisfy a judgment against the debtor
exemptions: exception
exemptions: Exemptions are properties that are exempt from local taxation by state law They are required to file a form that must be reviewed by the local assessor
exemptions: Exemptions are the lists of the kinds and values of property that is legally beyond the reach of creditors or the bankruptcy trustee What property may be exempted is determined by state and federal statutes, and varies from state to state Click here for more on exemptions
exemptions: The specific reasons for exempting certain records or information from public disclosure Conditional exemptions are those that require the records custodian to weigh the public's right to know against an individual's privacy rights Unconditional exemptions derive from specific statutory instructions that forbid the records custodian to release or disclose specific records or information to the public
exemptions: plural of exemption
exemptions: An amount by which AGI is reduced which is determined by the size of the family
exemptions: Under the Court Order Enforcement Act effective May 1, 1998 (in British Columbia), there are certain assets that are exempt from seizure by any execution creditor or by a Trustee in Bankruptcy Equity in a house in Vancouver or Victoria = $12,000; In the rest of the province = $9,000; Equity in a motor vehicle = $5,000; The vehicle exemption drops to $2,000 if the debtor is behind on child care payment (to facilitate the enforcement of Maintenance Orders); Equity in household items = $4,000; Clothing/Medical aids = unlimited; Tools of the Trade = $10,000 For exemptions in other jurisdictions in Canada click here > Provincial Exemptions
exemptions: Certain property belonging to the debtor is allowed to be excluded from the bankruptcy The Bankruptcy Code sets forth guidelines where property can be exempted This means the debtor is allowed to keep certain property in order to have a "fresh start " The Bankruptcy Code also sets forth provisions allowing each state to create their own exempts The debtor usually has the option to choose which exemptions will be followed: the exemptions designed by the state in which he or she resides or the federal exemptions set forth in the Bankruptcy Code
exemptions: things that are excluded from IHT
exemptions: Individual debtors are entitled to keep certain assets free from the claims of creditors, under federal or state exemption laws Typical exemptions are the homestead exemption (equity in your personal residence); cash value of insurance policies, household goods and furnishings, clothing, wages, and tools used in the debtor's job The amount of the exemption depends on whether federal or state exemptions are available and/or used
personal exemption: the amount of money that you can earn each year before you must pay income tax