CL your interpretation of the tax empty NOT TAX FREE ( YES ) is deadly accurate. With one minor flaw. ONLY colleges and universities fall under this section. In The Chinese version ( I can't read Chinese but if you can, I put it someplace on this site. I had a reliable person translate it and his words were " higher education " inwhich he say's is " college and university ONLY ". I think this week, my college will be Libya and I will be the sub off the coast firing tomma hawks