Common Language Specification (CLS) ensures complete interoperability among applications, regardless of the language used to create the application. Common Language Specification (CLS) defines a subset of Common Type System (CTS) .Common Type System (CTS) describes a set of types that can use different .Net languages have in common, which ensure that objects written in different languages can interact with each other.ommon Language Specification (CLS) ensures complete interoperability among applications, regardless of the language used to create the application. Common Language Specification (CLS) defines a subset of Common Type System (CTS) .
What It Does. The homestead exemption allows you to save on property taxes by allowing you to exclude a portion of your home's value from assessment. The amount of tax you owe is calculated based on the difference between your home's value and the exemption amount. For example, if your home is valued at $250,000 and your state allows a homestead exemption of $25,000, you would only pay taxes on the remaining $225,000.
Larry Gearhardt, taxation field specialist at The Ohio State University, highlights the notable adjustments to the Homestead Exemption: Beginning with the tax year 2014, new participants in the homestead exemption program will be subject to a means test. The exemption will only be available to those otherwise eligible taxpayers with household incomes that do not exceed $30,000, as measured by Ohio adjusted gross income for the preceding year. That amount will be indexed to inflation each fall and is expected to be around $30,400 for tax year 2014.