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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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British Dictionary definitions for taxexempt

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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