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tax–exempt

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adjective tax–ex·empt \ˌtaks-ig-ˈzem(p)t\

Simple Definition of tax–exempt

  • : not taxed : exempted from a tax

Source: Merriam-Webster's Learner's Dictionary

Full Definition of tax–exempt

  1. 1 :  exempted from a tax

  2. 2 :  bearing interest that is free from federal or state income tax

1923

First Known Use of tax–exempt

1923


Law Dictionary

tax–exempt

adjective tax–ex·empt

Legal Definition of tax–exempt

  1. 1 :  exempted from taxation; also :  based on such exemption <tax{ndash}exempt status>

  2. 2 :  providing interest or income that is exempted from taxation <a tax{ndash}exempt municipal bond>




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