exempt


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.

exempt from (something)

1. verb To allow or permit oneself or someone to not do something. In this usage, a noun or pronoun is used between "exempt" and "from." It's very convenient that the mayor exempts his relatives from these taxes, while the rest of us have to pay.
2. adjective Allowed or permitted to not do something. It's very convenient that the mayor's relatives are exempt from these taxes, while the rest of us have to pay.
See also: exempt

exempt someone from something

to release someone from the obligation to do something; to allow a person not to be affected by a rule or law. I cannot exempt anyone from this rule. The members of Congress exempted themselves from the wage freeze.
See also: exempt
References in periodicals archive ?
This rule benefits exempt organizations in that the organization will only need to value the substantial return benefits once, even if the value of the substantial return benefit increases over the contract's term.
Contrary to some concerns from organized Labor that changes would result from employees being exempt from overtime pay, it looks like the actual impact of the rule may have been to enlarge the number of people who are eligible for overtime," he explains.
At the other end of the scale, any reporter or editor earning more than $100,000 is exempt (almost) automatically.
If the Cansub shares are se acquired, one would expect the Cansub shares to be exempt from the FIE Rules and the tracked interest rule.
Though the plans vary widely, most exempt employees will receive about two-thirds of their pre-retirement income in pension checks - a much better deal than Social Security.
Somewhat less controversial at this point is a proposal by the Inspection and Maintenance Review Committee, which makes recommendations on the state's Smog Check program, to exempt vehicles that rolled off the assembly line less than five years ago.
Why should they have exempt status just because of that?
The 10 questions most commonly asked by HR executives (and their CFOs) about how to correctly classify their employees as exempt and non-exempt and avoid the combination of fines, penalties, or payment of unpaid wages that may be imposed by the Department of Labor for misclassification of exempt or non-exempt status
In response to numerous requests from the payer community, the Service issued Notice 2006-93, which provides transition relief in connection with the 2006 Form 1099-INT requirement for reporting exempt interest.
Dealing with this risk means employers must analyze and satisfy two basic tests to determine whether or not an employee is exempt.
In the early 1990s, the IRS began examining tax-exempt bonds in connection with exempt organization (EO) audits of hospitals and universities.
Previously, a company charged the amount of an ESOP contribution to expense without regard to whether it used the contribution to pay down an exempt loan to release shares.
Nothing from a tax exempt can go into supporting a candidate - zero," Gibbs said.
exempt organizations can rely when making cross-border grants.
There are two classes of "exempt taxpayers" excluded from the FIE Rules: recent immigrants to Canada (resident in Canada for up to 60 months) and most persons (such as trusts governed by pension plans registered under the Act) expressly exempt from Part I tax.