exemptions

Definition of exemptions in English English dictionary: 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; exception; 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 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; 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; plural of exemption; An amount by which AGI is reduced which is determined by the size of the family; 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; 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; things that are excluded from IHT; 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
exemption: Freedom from a defect or weakness
exemption: An act of exempting
exemption: {n} a privilege, a freedom from
exemption: 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
exemption: 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"
exemption: 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
exemption: immunity from an obligation or duty
exemption: 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
exemption: A deduction from the normal amount of taxes
exemption: A form of recognition that is granted to a student, whereby the student is exempted from a specific module or modules
exemption: 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"
exemption: freedom for a monastery from episcopal control and oversight
exemption: 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
exemption: – 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
exemption: 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
exemption: "additional exemptions are allowed for each dependent" immunity from an obligation or duty
exemption: 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
exemption: an act exempting someone; "he was granted immunity from prosecution"
exemption: to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc
exemption: - A geographic area that is not subject to the prohibitions in the alternatives
exemption: The state of being exempt; immunity
exemption: 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
exemption: 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
exemption: a deduction allowed to a taxpayer because of his status having certain dependents or being blind or being over 65 etc
exemption: 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
exemption: Release from liability for payment of taxes
exemption: 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
exemption: {i} freedom from a debt or obligation to which others are subject, release, exception, immunity
exemption: 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
exemption: Allowance of a deduction from the taxable assessed value of the property as prescribed by law
exemption: Property that the Bankruptcy Code or applicable state law permits a debtor to keep from creditors
exemption: Property tax exemptions specified IX§ 2, Constitution of Arizona for widow, widowers, and permanently disabled
exemption: 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)
exemption: – A personal allowance used as a subtraction from taxable income For Tax Year 2002, it is $3,000
exemption: "additional exemptions are allowed for each dependent"
exemption: 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 )
exemption: 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
exemption: The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc
exemption: 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
exemption: 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