Kent Conrad: “Yes, that is true, under the exemption rates for next year. Under the…”

On the recordMarch 12, 2008

Yes, that is true, under the exemption rates for next year. Under the exemption rates for next year, it will be two-tenths of 1 percent. I believe this year it is five-tenths of 1 percent; there are 99.5 percent this year that are exempt. Next year it will be 99.8 percent exempt, as the rate goes up.

Said by

Kent Conrad

Democratic · North Dakota

Source

govinfo.gov

Editor's note · Context

Discussing exemption rates during a floor speech.

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Kent Conrad: “Yes, that is true, under the exemption rates for next year. Under the exemption rates for next year, it will be…”

Editor's note · Context