Tax-exempt Definition

tăksĭg-zĕmpt
adjective
Not subject to taxation, as the capital or income of a philanthropic organization.
American Heritage
Exempt from taxation; that may not be taxed.
Webster's New World
Producing income that is exempt from taxation.
Tax-exempt bonds.
Webster's New World
Not subject to tax. This term is usually descriptive of interest on municipal and state government bonds, which (since 1913) have been exempt from federal income taxes. This is viewed as a form of federal revenue sharing.
Webster's New World Law
Synonyms:
noun
A tax-exempt security.
American Heritage
Synonyms:
  • tax-exempt security

Tax-exempt Sentence Examples

  • Trusts which enjoy tax-exempt status must conform strictly to their remit and cannot disburse any surplus monies except to fulfill their stated objectives.

  • And that doesn't even count the many other charitable organizations that have not filed for this tax-exempt status with the federal government.

  • The Campaign for Human Dignity is a tax-exempt, not-for-profit organization which has been warned by the state attorney general for improper tax filings.

  • They cannot, for example, gift monies simply as general assistance to a body which does not have tax-exempt status.

  • The core product offered by friendly societies remains the tax-exempt savings bond.

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Words Starting With

TTATAX

Words Ending With

TPTMPT

Unscrambles

tax-exempt

Words Starting With T and Ending With T

Starts With T & Ends With TStarts With TA & Ends With TStarts With T & Ends With PT

Word Length

10 Letter Words10 Letter Words Starting With T10 Letter Words Ending With T