tax-ex·empt
| \ ˌtaks-ig-ˈzem(p)t
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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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“Tax-exempt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax-exempt. Accessed 7 Dec. 2021.
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More Definitions for tax-exempt
tax-exempt
adjective
English 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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The first known use of tax-exempt was in 1923
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