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.
On November 9, the president-elect launched the Trump Vance Inaugural Committee, a tax-exempt organization tasked with organizing events surrounding the inauguration; its website, t47inaugural.com, went live around that time, too. Zach Everson, Forbes, 5 Jan. 2025 The sides continued to discuss the tax-exempt, legal status of Catholic Church properties in Israel after Israel’s legislature didn’t ratify the pact. Mark Jones, The Arizona Republic, 30 Dec. 2024 By June 2022, Clancy changed the name of the tax-exempt Rider Safety Visibility to Pedal Ahead — and also opened a separate for-profit entity called Pedal Ahead LLC. Jeff McDonald, The Mercury News, 27 Dec. 2024 Many exempt businesses — such as large companies, banks, credit unions, tax-exempt entities and public utilities — already furnish similar data. Greg Iacurci, CNBC, 26 Dec. 2024 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 20 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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