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tax-exempt
[taks-ig-zempt]
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
51Թ History and Origins
Origin of tax-exempt1
Example Sentences
On Monday, the IRS revoked a long-standing rule that stripped tax-exempt status from churches that endorse political candidates.
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.
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.
The new finance bill replaces the zero-rated tax provision on essential commodities with tax-exempt status.
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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