- not subject or liable to taxation: tax-exempt imports.
- providing income that is not taxable: tax-exempt municipal bonds.
- a tax-exempt security.
Origin of tax-exempt
First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for tax-exempt
But having reached something of a compromise, the IRS approved the school as a tax-exempt nonprofit in March 2002.At This Creepy Libertarian Charter School, Kids Must Swear ‘to Be Obedient to Those in Authority’
October 15, 2014
The tax-exempt donations do not appear to run afoul of U.S. law.How U.S. Taxpayers Are Subsidizing The Defense Of Palestinian Teen’s Alleged Killers
July 10, 2014
But as a matter of law, these tax-exempt organizations do maintain a pro-forma nonpartisan posture.Why Hillary Clinton Should Go a-Knocking on Ralph Reed’s Door
June 15, 2014
Item 8b “Tax-exempt interest”… Interesting 5-8 opening of the season for the Red Sox.Up to a Point: I Do My Own Taxes With No Help, Except From a Couple of Bloody Marys
P. J. O’Rourke
April 15, 2014
The pro-business lobbying group spent almost $54 million as a tax-exempt nonprofit in the 2012 election.U.S Chamber Of Commerce's Big Money Fail In 2012 Elections
November 18, 2013
The tax-exempt organizations have a vested interest in the oppressive, inequitable, and wasteful federal-income-tax system.
These accumulations of tax-exempt billions place a heavier burden on taxpayers.
As the income tax rate decreases, the yield from tax-exempt securities diminishes proportionately.
The yield of tax-exempt securities at prevailing prices ranges from 3-1/2% to nearly 4-1/2%.
- (of an income or property) exempt from taxation
- (of an asset) earning income that is not subject to taxation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012