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 Clothing, backpacks and school supplies have to be under $100 to be tax-exempt, and delivery and transportation charges are counted as part of the total sales price. Tasha Tsiaperas, Axios, 8 Aug. 2024 The Gift of Grace — a registered nonprofit with the state of Colorado, but not a 501(c) tax-exempt organization — raises money each year to host holiday parties for children with special needs and provide money for kids with disabilities to participate in extracurricular activities. Elizabeth Hernandez, The Denver Post, 7 Aug. 2024 Congressional condemnation came swiftly; the day after the announcement, a House bill was proposed that would end the PGA Tour’s unique ability to operate as a federal tax-exempt charity. Daniel Libit, Sportico.com, 23 July 2024 The building maintains tax-exempt status as a charitable military organization, though Idaho statute says any revenues from business activities unrelated to the organization’s core mission could lead to reassessment and possible fees. Kevin Fixler, Idaho Statesman, 13 July 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 2 Oct. 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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