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.
Second, the exemption protects you in bankruptcy. When you file for bankruptcy under Chapter 7, your nonexempt assets are sold and the proceeds are used to pay your creditors. If you fall within the homestead exemption, your home is safe from sale in bankruptcy. What Ohio Bankruptcy Homestead Exemption? Until last year, the Ohio bankruptcy homestead exemption was just $21,625. The exemption was raised last year to $125,000. If youâve paid off less than $125,000 of your home, itâs safe from creditors. If youâre a married couple filing jointly for bankruptcy, the homestead exemption doubles to $250,000.