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tax-exempt

[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.
noun
3.
a tax-exempt security.
Origin
1920-1925
1920-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for tax-exempt
  • People were warned that churches would lose their tax-exempt status, which was untrue.
  • As government workers are laid off and government programs shrink, the public role of private, tax-exempt non-profits expands.
  • If this step were taken, experiments on cell fusion might no longer be supported by federal funds or tax-exempt organizations.
  • It's impossible to strengthen the individual market for health care if employer provided plans are tax-exempt.
  • The expansion of the campus is now funded by tax-exempt bond financing.
  • And if they want to plunge overtly into politics from the pulpit, then they should give up their tax-exempt status.
  • Churches cannot officially endorse a candidate, for fear of losing their tax-exempt status.
  • Gold-plated insurance policies will in effect lose their tax-exempt status, though not for a while, and not in full.
  • Tax rates are rising and likely to stay high, making tax-exempt debt more attractive.
  • The employer's contribution is tax-exempt, and the interest on the loan is tax-deductible.
British Dictionary definitions for tax-exempt

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
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10
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