Exempt - Law Dictionary Search Results
Home Dictionary Name: exempt Page 1 of about 254 results (0.002 seconds)exemptions, exempt property
exemptions, exempt property Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors. For example, in some states the debtor may be able to exempt all or a portion of the equity in the debtor's primary residence (homestead exemption), or some or all "tools of the trade" used by the debtor to make a living (i.e., auto tools for an auto mechanic or dental tools for a dentist). The availability and amount of property the debtor may exempt depends on the state the debtor lives in. Source: Administrative Office of the U.S. Courts ...
numerical limit, exempt from
numerical limit, exempt from Those aliens accorded lawful permanent residence who are exempt from the provisions of the flexible numerical limit of 675,000 set by the Immigration Act of 1990. Exempt categories include immediate relatives of U.S. citizens, refugees, asylees (limited to 10,000 per year), Amerasians, aliens adjusted under the legalization provisions of the Immigration Reform and Control Act of 1986, and certain parolees from the former Soviet Union and Indochina. Source: U.S. Citizenship and Immigration Services ...
homestead exemption
homestead exemption : an exemption from liability that prevents creditors from obtaining satisfaction from a debtor's homestead see also declaration of homestead at declaration NOTE: The laws governing the homestead exemption vary greatly from state to state. Most states have limits on the amount for which a debtor is exempted, but a few have no limits at all. Others have limits that are dependent on the size or type of property, or the age of the property owner. ...
Exempted establishment
Exempted establishment, means an establishment in respect of which an exemption has been granted under s. 17 from the operation of all or any of the provisions of any Scheme or the Insurance Scheme, as the case may be, whether such exemption has been granted to the establishment as such or to any person or class of persons employed therein. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (fff)]...
Exempted employee
Exempted employee, means an employee to whom a Scheme or the Insurance Scheme, as the case may be, would, but for the exemption granted under s. 17 have applied. [The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (ff)]Exempted employee means an employee who is not liable under this Act, to pay the employee's contribution. [Employee's State Insurance Act, 1948 (34 of 1948), s. 2(10)]...
exempt
exempt : free or released from some obligation or duty to which others are subject : not subject or liable [certain properties are declared to be and cannot be taken by a person's creditors "J. H. Williamson"] vt : to release or exclude from some liability (as in taxation), obligation, or duty to which others are subject [s the income of a spendthrift trust "W. M. McGovern, Jr. et al."] ...
Tax exempt
Tax exempt, is not legally subject to taxation, Black's Law Dictionary, 7th Edn., p. 1474....
tax-exempt
tax-exempt 1 : exempted from taxation ;also : based on such exemption [ status] 2 : providing interest or income that is exempted from taxation [a municipal bond] ...
Exemption provision
Exemption provision, an 'exemption provision' is like an exception and on normal principle of construction or interpretation of statutes it is construed strictly either because of legislative intention or on economic justification of inequitable burden or progressive approach of fiscal provisions intended to augment state revenue, Union of India v. Wood Papers Ltd., AIR 1991 SC 2049 (2051): (1990) 4 SCC 256....
dependency exemption
dependency exemption see exemption ...
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