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 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 Portable generators less than $3,000 are tax-exempt, as are emergency ladders (not extension ladders) and hurricane shutters under $300. Brayden Garcia, Fort Worth Star-Telegram, 23 Apr. 2024 The rest of the project will be privately funded, although taxpayers are contributing there as well; the Biden administration has enabled the project to borrow $3.5 billion through tax-exempt bonds. Karen Garcia, Los Angeles Times, 23 Apr. 2024 Brightline received Biden administration backing including a $3 billion grant from federal infrastructure funds and recent approval to sell another $2.5 billion in tax-exempt bonds. Ken Ritter, Quartz, 23 Apr. 2024 In addition, individuals, businesses and tax-exempt organizations who had valid extensions to file their 2022 returns will now have until Aug. 7 to file them. James Powel, USA TODAY, 16 Apr. 2024 The stipulation shows that the ethics investigation was opened shortly after The San Diego Union-Tribune asked the mayor’s office about tens of thousands of dollars Gloria raised and spent on behalf of For All of Us, the tax-exempt entity named after his 2020 campaign slogan. Jeff McDonald, San Diego Union-Tribune, 16 Apr. 2024 Then Data Targeting wired $100,000 from a dark money tax-exempt group the company controlled to another dark money group, Florida Stronger, controlled by Artiles. Mario Alejandro Ariza, Miami Herald, 12 Apr. 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 10 May. 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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