CFR > Title 29 > Subtitle B > Chapter V > Subchapter B > Part 780 > Subpart H > Introductory
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Other versions
| § 780.700 | Scope and significance of interpretative bulletin |
| § 780.701 | Statutory provision |
| § 780.702 | What determines application of the exemption |
| § 780.703 | Basic requirements for exemption |
Terms Used In CFR > Title 29 > Subtitle B > Chapter V > Subchapter B > Part 780 > Subpart H > Introductory
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Dependent: A person dependent for support upon another.
- Donor: The person who makes a gift.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Quorum: The number of legislators that must be present to do business.