Examples of Public Benefit Organizations in a sentence
Taking into account the effects of rates on PBOs performing a specific public benefit activity and if registered in terms of the Income Tax Act, 1962 (No 58 of 1962) for tax reduction because of those activities, Public Benefit Organizations may apply for the exemption of property rates.
A separate body, the Commission of Public Benefit Organizations, decides on granting the status of public benefit (Article 76).
REDUCED FEE (75% DISCOUNT) • All Public Benefit Organizations presenting permanent recreation/social/sport activities to the community from Monday to Thursday free of charge.
In addition, Hungarian legislation enables associations, foundations, and nonprofit companies to qualify as "Public Benefit Organizations," or PBOs. PBO status is currently regulated by Chapter VII of Act CLXXV/2011.
Taking into account the effects of rates on Public Benefit Organizations performing a specific public benefit activity and registered in terms of the Income Tax Act for tax reduction because of those activities, it is proposed that the following specified public benefits activities be exempted from rating.• Welfare and humanitarian, for example PBOs providing disaster relief.
REDUCED FEE (50% DISCOUNT) • All local sport groups affiliated to a recognised Sport Council.• All local sport groups affiliated to a sport council/federation for sport functions limited to two functions (two calendar days) per group per annum.• All Public Benefit Organizations presenting permanent recreation/social/sport activities to the community from Monday to Thursday at a nominal price.
NPOs also qualify for exemptions from other taxes, including Real Estate Tax, Urban Land Use Tax, and Tax on Acquisition of Real Estate.Stock donations for charitable purposes are also eligible for tax deductions (Notice on Questions Concerning Corporate Tax on Equities Donations to Public Benefit Organizations, 2016).
PBOs A significant change with regard to the legal framework for NGOs has come in the form of the Public Benefit Organizations Act 2013 (“PBO Act”), which upon commencement will repeal the Non-Governmental Organizations Coordination Act (“NGO Act”).
There are various types of not-for-profit organizations (“NPOs”): • Non-Governmental Organizations (NGOs) (soon to be Public Benefit Organizations (PBOs)).• Companies Limited by Guarantee;• Societies; and• Trusts.Other not-for-profit legal forms, which are outside the scope of this Note due to their limited interaction with U.S. grant makers, include churches, political parties, and trade unions.
This notion is taken forward in key provincial documents, such as the LGDS and the Provincial Tourism Plan, which call for the development of spatially concentrated clusters that have unique competitive success in a particular field.