Examlex
The surrender of depreciated boot (fair market value is less than adjusted basis) in a like-kind exchange can result in the recognition of loss.
Internet Transactions
Commercial operations carried out online, including buying, selling, and the exchange of services or information.
Congress
The law-making division of the United States federal government, which includes the Senate and the House of Representatives.
Establishment Clause
A provision in the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion or favoring one religion over another.
Secular Purpose
Refers to a non-religious or non-spiritual objective or function, often mentioned in the context of laws or policies to ensure neutrality.
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