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british

tax-exempt

[ taks-ig-zempt ]

/ ˈtæks ɪgˌzɛmpt /

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.

Origin of tax-exempt

First recorded in 1920–25

Words nearby tax-exempt

tax-, tax-bracket creep, tax-deductible, tax-deferred, tax-deferred annuity, tax-exempt, tax-free, taxa, taxable, taxaceous, taxation

Example sentences 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’ |ProPublica |October 15, 2014 |DAILY BEAST
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 |ProPublica |July 10, 2014 |DAILY BEAST
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 |Jeff Greenfield |June 15, 2014 |DAILY BEAST
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 |DAILY BEAST

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 |Ben Jacobs |November 18, 2013 |DAILY BEAST
The tax-exempt organizations have a vested interest in the oppressive, inequitable, and wasteful federal-income-tax system.

The Invisible Government |Dan Smoot
As the income tax rate decreases, the yield from tax-exempt securities diminishes proportionately.

War Taxation |Otto H. Kahn
The yield of tax-exempt securities at prevailing prices ranges from 3-1/2% to nearly 4-1/2%.

War Taxation |Otto H. Kahn
These accumulations of tax-exempt billions place a heavier burden on taxpayers.

The Invisible Government |Dan Smoot

British Dictionary definitions for tax-exempt

tax-exempt

adjective

(of an income or property) exempt from taxation

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