Exemptions

Exemptions refer to specific conditions or categories that allow individuals or entities to be free from certain obligations or rules. For instance, in taxation, certain groups like charities or low-income individuals might be exempt from paying taxes or may pay a reduced rate. In legal contexts, exemptions might apply to regulations that typically govern businesses, allowing some to operate without full compliance due to their size or nature. Essentially, exemptions are allowances that recognize unique situations where standard rules might not apply.