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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In 2018, the church, which is tax-exempt, purchased an adjacent residential building, McGiffert Hall, for forty-five million dollars. Jessica Winter, The New Yorker, 18 Jan. 2025 Calendar-year tax-exempt organization returns normally due on May 15. Medora Lee, USA TODAY, 16 Jan. 2025 Brightline West, a bullet train project from billionaire investor Wes Eden to connect Las Vegas with suburban Los Angeles, is raising $2.5 billion from private investors with a tax-exempt bond offering. Danielle Chemtob, Forbes, 16 Jan. 2025 Federal law prohibits tax-exempt charities such as this from campaigning for candidates, but this case was focused on the group’s violation of state law. Annabella Rosciglione, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 15 Jan. 2025 See all Example Sentences for tax-exempt 

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 28 Jan. 2025.

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

Last Updated: - Updated example sentences
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