- tax exempt
adj.Not subject to taxation.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- tax exempt
adj. Not subject to tax. This term is usually descriptive of interest on municipal and state government bonds, which (since 1913) have been exempt from federal income taxes. This is viewed as a form of federal revenue sharing.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
tax–exempt — adj 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 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
tax-exempt — tax ex,empt adjective if something is tax exempt, you do not have to pay tax on it: tax exempt savings a. a person or organization that is tax exempt does not have to pay tax … Usage of the words and phrases in modern English
tax-exempt — [taks′eg zempt′] adj. 1. exempt from taxation; that may not be taxed 2. producing income that is exempt from taxation [tax exempt bonds] … English World dictionary
tax-exempt — tax′ exempt adj. 1) not subject or liable to taxation 2) bus providing income that is not taxable 3) bus a tax exempt security • Etymology: 1920–25 … From formal English to slang
tax exempt — tax ex empt adj if ↑savings, income etc are tax exempt, you do not have to pay tax on them … Dictionary of contemporary English
tax-exempt — ▪ I. tax exempt ˈtax exˌempt 1 noun [countable] TAX an investment on which you do not have to pay tax: • There is strong investor demand for tax exempts. [m0] ▪ II. tax exempt tax exempt 2 adjective … Financial and business terms
tax-exempt — I noun a security that is not subject to taxation • Syn: ↑tax exempt security • Hypernyms: ↑security, ↑certificate II adjective (of goods or funds) not taxed (Freq. 1) … Useful english dictionary
Tax Exempt — To be free from, or not subject to, taxation by regulators or government entities. A tax exempt entity can be excused from a single or multiple taxation laws. Governments are often trying to encourage investment when exempting taxation. Certain… … Investment dictionary
tax-exempt — UK / US adjective 1) if something is tax exempt, you do not have to pay tax on it tax exempt savings 2) a person or organization that is tax exempt does not have to pay tax … English dictionary
tax-exempt — /taks ig zempt /, adj. 1. not subject or liable to taxation: tax exempt imports. 2. providing income that is not taxable: tax exempt municipal bonds. n. 3. a tax exempt security. [1920 25] * * * … Universalium