tax-exempt

adjective
tax-ex·​empt | \ ˌtaks-ig-ˈzem(p)t How to pronounce tax-exempt (audio) \

Definition of tax-exempt

1 : exempted from a tax
2 : bearing interest that is free from federal or state income tax

First Known Use of tax-exempt

1923, in the meaning defined at sense 1

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The first known use of tax-exempt was in 1923

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Cite this Entry

“Tax-exempt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax-exempt. Accessed 24 Nov. 2020.

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More Definitions for tax-exempt

tax-exempt

adjective
How to pronounce tax-exempt (audio)

English Language Learners Definition of tax-exempt

: not taxed : exempted from a tax

tax-exempt

adjective

Legal 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

More from Merriam-Webster on tax-exempt

Nglish: Translation of tax-exempt for Spanish Speakers

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