51Թ

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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.

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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51Թ History and Origins

Origin of tax-exempt1

First recorded in 1920–25
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Example Sentences

Examples have not been reviewed.

The agency put in $12.5 million from its $30-million fund as equity and issued tax-exempt bonds that it sold to private investors to cover most of the rest.

From

The difficulty of finding medical treatment prompted Dressen to co-found REACT19, a tax-exempt organization that provides grants to patients and providers; Hertz is listed on its website as a research advisor.

From

The order handed down by a Tokyo district court will strip the church of its tax-exempt status and require it to liquidate its assets, but it will still be allowed to operate in Japan.

From

The bills announced Wednesday morning will tackle prices at the gas pump, create tax credits for low-income renters, and make tips tax-exempt for workers such as bartenders and manicurists.

From

In January 1976, the IRS revoked the tax-exempt status of Bob Jones University, a Christian school that banned Black students.

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