tax-exempt

adjective

tax-ex·​empt ˌtaks-ig-ˈzem(p)t How to pronounce tax-exempt (audio)
1
: exempted from a tax
2
: bearing interest that is free from federal or state income tax

Examples of tax-exempt in a Sentence

Recent Examples on the Web The decision before the commissioners Tuesday was to approve a $13 million tax-exempt revenue bond for Republic Services. Cody Copeland, Fort Worth Star-Telegram, 7 June 2024 The mailers were paid with $550,000 that was funneled through the dark-money group Grow United, a tax-exempt Delaware corporation. Ana Ceballos, Miami Herald, 5 June 2024 Founded in 2005 as a kind of facilitator for tax-exempt organizations and charitable donors, Arabella provides back-office functions for nonprofits, including legal advice, human resources, accounting and the like. Daniel Klaidman, CBS News, 4 June 2024 But that doesn’t help many health professionals, because the FTC Act gives the agency authority over companies organized to operate for profit but not over nonprofit, charitable organizations, which are also tax-exempt. Harris Meyer, Fortune, 27 May 2024 Kulkarni said the approval of the bankruptcy plan will allow the school to address its delinquency in registering as a charity with the Maryland Secretary of State and filing its IRS Form 990 for a tax-exempt organization. Jean Marbella, Baltimore Sun, 20 Feb. 2024 The Conservative Partnership Institute applied to the Internal Revenue Service as a tax-exempt nonprofit, and the agency approved. David A. Fahrenthold, New York Times, 6 May 2024 Last month, Brightline West broke ground on the 218-mile Las Vegas to Southern California system, bolstered by $3 billion from the Biden administration, along with access to $3.5 billion in tax-exempt bonds. Rachel Uranga, Los Angeles Times, 3 May 2024 The letter also calls for ethnic and community-specific media to receive a larger share of the money, and to expand the funding option for nonprofits, which as tax-exempt organizations would otherwise be ineligible to receive the credit. Andrew Sheeler, Sacramento Bee, 2 May 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax-exempt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1923, in the meaning defined at sense 1

Time Traveler
The first known use of tax-exempt was in 1923

Dictionary Entries Near tax-exempt

Cite this Entry

“Tax-exempt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax-exempt. Accessed 16 Jun. 2024.

Legal Definition

tax-exempt

adjective
1
: exempted from taxation
also : based on such exemption
tax-exempt status
2
: providing interest or income that is exempted from taxation
a tax-exempt municipal bond

More from Merriam-Webster on tax-exempt

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