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Grandfather clause
(redirected from Grandfather provision)

   Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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To be able to keep the speedway going under the grandfather provision, the owners would have to show that the facility is no larger now than it was in 1972, Howe said.
The current grandfather provision permitting Internet access taxes imposed prior to Oct.
Despite the ITFA moratorium, a grandfather provision allows states that imposed taxes on Internet access before October 1998 to continue to collect those taxes.
 
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