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 Each year, people and companies contribute hundreds of millions of dollars to tax-exempt political organizations in an effort to influence elections nationwide. Ruth Talbot, ProPublica, 18 June 2024 Through its tax-exempt private foundation in California, Patagonia has sent more than $139,000 since 2016 to Alliance for Global Justice, tax records show. Gabe Kaminsky, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 11 June 2024 There’s also advocacy for including special education as a weight in the school funding formula and expansion of the Payment in Lieu of Taxes, also known as PILOT, program because cities disproportionately have tax-exempt properties, and property taxes pay for schools. Jessika Harkay, Hartford Courant, 3 June 2024 The decision before the commissioners Tuesday was to approve a $13 million tax-exempt revenue bond for Republic Services. Cody Copeland, Fort Worth Star-Telegram, 7 June 2024 See all Example Sentences for tax-exempt 

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 3 Jul. 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

Last Updated: - Updated example sentences
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