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.
Origin of tax-exempt
1First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
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
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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