tax-exempt

American  

[taks-ig-zempt] / ˈtæks ɪgˌzɛmpt /

adjective

1. not subject or liable to taxation.

   tax-exempt imports.

2. providing income that is not taxable.

   tax-exempt municipal bonds.

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noun

1. a tax-exempt security.

tax-exempt British  

adjective

1. (of an income or property) exempt from taxation

2. (of an asset) earning income that is not subject to taxation

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Etymology

Origin of tax-exempt

First recorded in 1920–25

Example Sentences

Although municipalities can issue tax-exempt debt, credit agencies might look askance at the higher burdens.

From The Wall Street Journal

Fiscal sponsorship allows new nonprofit groups to attach themselves to existing tax-exempt entities.

From The Wall Street Journal

For the stagflation concern, diversification with tax-exempt bonds with attractive tax-equivalent yields is wise.

From Barron's

Agency officials didn’t revoke the tax-exempt status of any churches, instead sending warning letters.

From Salon

Blue Shield denied the accusations but ultimately relinquished its tax-exempt status, even as it has continued to pursue an appeal of an order requiring it to pay more than $100 million in back taxes.

From Los Angeles Times