tax-ex·empt | \ ˌtaks-ig-ˈzem(p)t 
\
\Definition of tax-exempt
1 : exempted from a tax
2 : bearing interest that is free from federal or state income tax
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More Definitions for tax-exempt
tax-exempt
adjectiveEnglish Language Learners Definition of tax-exempt
: not taxed : exempted from a tax
See the full definition for tax-exempt in the English Language Learners Dictionary
tax-exempt
adjectiveLegal Definition of tax-exempt
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
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Time Traveler for tax-exempt
The first known use of tax-exempt was in 1923
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