tax-exempt

[taks-ig-zempt]

Phonetic (Standard)IPA

adjective

not subject or liable to taxation.
tax-exempt imports.
providing income that is not taxable.
tax-exempt municipal bonds.

noun

a tax-exempt security.

tax-exempt

adjective

(of an income or property) exempt from taxation
(of an asset) earning income that is not subject to taxation

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Word History and Origins

Origin of tax-exempt¹

First recorded in 1920–25

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Example Sentences

Examples have not been reviewed.

The new finance bill replaces the zero-rated tax provision on essential commodities with tax-exempt status.

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A separate post called for the university to lose its tax-exempt status "if it keeps pushing political, ideological, and terrorist inspired/supporting 'Sickness'".

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A public foundation is required to file a Schedule A form to show how it qualifies as a tax-exempt charity with the IRS.

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The Trump administration has launched multiple investigations into the university, moved to freeze nearly $3 billion in federal funding and pushed to end its tax-exempt status.

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With the Trump administration slashing budgets and threatening to revoke tax-exempt status for nonprofits, some Southern California social justice organizations have gone into a defensive crouch, hoping to wait out the passing storm.

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tax evasion tax exile

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