Grandfather clause


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Grandfather clause

A provision included in a new rule or regulation that exempts a business that is already conducting business in the area addressed by the regulation from penalty or restriction.

Grandfather Clause

A clause in a new law, regulation, or anything else that exempts certain persons or businesses from abiding by it. For example, suppose a country passes a law stating that it is illegal to own a cat. A grandfather clause would allow persons who already own cats to continue to keep them, but would prevent people who do not own cats from buying them. Grandfather clauses are controversial, but they are also relatively common.
References in periodicals archive ?
Corollary: The value of the grandfather clause, G(|Delta~), is given by
Either the senatorial clause and the grandfather clause are maintained in full, in which case the provinces with increasing populations would complain about being penalized even more than they currently are; or this protection is removed, in which case the provinces with declining populations would likely greet this decision with hostility.
The April supplement would go even further by eliminating the 1989 act's grandfather clause for related-party debt existing before July 10, 1989.
However, we are disappointed that anticipated changes in the TC Grandfather Clause will now require us to concentrate on changing our billing practices rather than on improving cancer genetic testing.
Finding no safety justification for the exemption, the NTSB recommended that PHMSA eliminate the grandfather clause from its regulations and require that all gas transmission pipelines constructed before 1970 be subjected to a hydrostatic pressure test that incorporates a spike test.
But that bill would keep the grandfather clause in effect for three more years, giving states more time to replace the revenue they now gain from Internet access taxes.
com advertisers who take advantage of a grandfather clause.
Practicing massage therapists can become licensed under the grandfather clause in several ways, including verification of working for one or more employers as a massage therapist from October 2005 through October 2010," True said.
But most of the 19 speakers opposed a grandfather clause to protect firms during the transition to new standards.
After suffering a considerable loss, fixing it may subject your property to these new laws or ordinance from which the property's age had previously made it exempt by a grandfather clause.
The bill affects 10 states that are allowed to levy taxes on Internet access under a grandfather clause in the current moratorium.
The original theory was that older plants eventually would be shut down because of inefficiencies and high maintenance costs, but the grandfather clause gave utilities motivation for keeping their oldest, dirtiest facilities going.