exemption law
exemption law. A law describing what property of a debtor cannot be attached by a judgment creditor or trustee in bankruptcy to satisfy a debt. See EXEMPT PROPERTY(1). [Cases: Exemptions 1; Homestead 1.]
exemption law. A law describing what property of a debtor cannot be attached by a judgment creditor or trustee in bankruptcy to satisfy a debt. See EXEMPT PROPERTY(1). [Cases: Exemptions 1; Homestead 1.]
reciprocal exemption 〈美〉相互免税 基于互惠原则,一州对其他州的居民所遗留的无形资产免征继承税或遗产税;基于互惠原则,对外国慈善机构免征继承税或遗产税。
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A bond that pays tax-free interest. [Cases: Internal Revenue 3132.10; Taxation 992. C.J.S. Internal Revenue §§ 94, 98; Taxation § 1723.]
exemption from military service 兵役义务之减免 指对某类应服兵役之公民的兵役义务的全部或一定期限的免除。
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exempt private companies 〈英〉免税私营公司 1967年的《公司法》〔Companies Act〕废除了1948年的《公司法》规定的免税私营公司的特权地位。依据1967年法律,除了某些无限公司外,所有的公司都应依照1948年法律的第127节的规定申报账目。
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exempt securities 〈美〉豁免证券;自由证券 指免于依1933年《证券法》〔Securities Act〕进行注册登记,且不受1934年《证券交易法》〔Securities Exchange Act〕有关保证金〔margin〕要求约束的证券。(→exempted securities)
exemption equivalent. The maximum value of assets that one can transfer to another before incurring a federal gift and estate tax.
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A tax exemption granted to an individual taxpayer for each dependent whose gross income is less than the exemption amount and for each child who is younger than 19 or, if a student, younger than 24. [Cases: Internal Revenue 3294; Taxation 1031.1, 1048. C.J.S. Internal Revenue §§ 330, 335; Taxation §§ 1736–1739.]
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exemption from jury duty 免除担任陪审员的义务 指法律规定某一类人不能履行担任陪审员的一般义务,而不是指某人由于某种原因不能在某一具体案件中担任陪审员。
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