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tax-exempt

American  
[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

  1. a tax-exempt security.

tax-exempt British  

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

Etymology

Origin of tax-exempt

First recorded in 1920–25

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.