TAX EXEMPTIONS
\tˈaks ɛɡzˈɛmpʃənz], \tˈaks ɛɡzˈɛmpʃənz], \t_ˈa_k_s ɛ_ɡ_z_ˈɛ_m_p_ʃ_ə_n_z]\
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Status not subject to taxation; as the income of a philanthropic organization. Tax-exempt organizations may also qualify to receive tax-deductible donations if they are considered to be nonprofit corporations under Section 501 (c)3 of the United States Internal Revenue Code.
By DataStellar Co., Ltd
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.