51Թ

Advertisement

Advertisement

tax-exempt

[taks-ig-zempt]

adjective

  1. not subject or liable to taxation.

    tax-exempt imports.

  2. providing income that is not taxable.

    tax-exempt municipal bonds.



noun

  1. a tax-exempt security.

tax-exempt

adjective

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

  2. (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
Discover More

51Թ History and Origins

Origin of tax-exempt1

First recorded in 1920–25
Discover More

Example Sentences

Examples have not been reviewed.

On Monday, the IRS revoked a long-standing rule that stripped tax-exempt status from churches that endorse political candidates.

From

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

For example, the assemblyman introduced a bill that would've ended tax-exempt status for New York charities with ties to Israeli settlements that violate international human rights law.

From

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

From

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

From

Advertisement

Advertisement

Advertisement

Advertisement


tax evasiontax exile