feeder organization. Tax. An entity that conducts a business or trade for the benefit of a tax-exempt organization. • The feeder organization is not tax-exempt. IRC (26 USCA) § 502. [Cases: Internal Revenue 4067. C.J.S. Internal Revenue § 466.]
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The status or condition of being treated fairly according to regularly established norms of justice; esp., in British constitutional law, the notion that all persons are subject to the ordinary law of the land administered by the ordinary law courts, that officials and others are not exempt from the general duty of obedience to the
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tax return. An income-tax form on which a person or entity reports income, deductions, and exemptions, and on which tax liability is calculated. — Often shortened to return. — Also termed income-tax return. [Cases: Internal Revenue 4470; Taxation 1079.1, 1313. C.J.S. Internal Revenue §§ 547, 575, 631; Taxation § 2038.] amended return. A return filed
Slang. A federal tax imposed on a child’s unearned income (above an exempt amount) at the parents’ tax rate if the parents’ rate is higher and if the child is under 14 years old. — Also termed child’s income tax.
Court of Peculiars. Hist. Eccles. law. A branch of the Court of Arches that had jurisdiction over the provincial parishes of Canterbury that were exempt from the jurisdiction of the diocesan bishop and responsible to the metropolitan only. • The Court of Peculiars was abolished in the 19th century. See COURT OF ARCHES ; PECULIAR.
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ragged school 〈英〉贫民免费学校 根据1869年《主日学校及贫民免费学校(税收豁免)法》〔Sunday and Ragged Schools (Exemption from Rating) Act〕的规定，指向最贫困阶层的青少年提供免费教育的学校。对主日学校及贫民免费学校均豁免税收。随着国家义务教育制度的建立，贫民免费学校已不再存在。
A charitable organization that is funded by a single source, derives its income from investments rather than contributions, and makes grants to other charitable organizations. • A private foundation is generally exempt from taxation. IRC (26 USCA) § 509. — Also termed private nonoperating foundation.
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tax-free exchange. A transfer of property for which the tax law specifically defers (or possibly exempts) income-tax consequences. • For example, a transfer of property to a controlled corporation under IRC (26 USCA) § 351(a) and a like-kind exchange under IRC (26 USCA) § 1031(a). [Cases: Internal Revenue 3184; Taxation 996. C.J.S. Internal Revenue §§
reciprocal statute 〈美〉相互法 州的限制性制定法，规定在另一州提起的诉讼因受限制而未被受理时，也不得在本州提起诉讼。(→reciprocal exemption; retaliatory statute)
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