tax-exempt

[ taks-ig-zempt ]

adjective
  1. not subject or liable to taxation: tax-exempt imports.

  2. providing income that is not taxable: tax-exempt municipal bonds.

noun
  1. a tax-exempt security.

Origin of tax-exempt

1
First 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
  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