tax-exempt

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 TAX
1. tax-exempt investments, savings, income etc are not taxed:

• a tax-exempt savings account

• issuers of tax-exempt bonds

2. an organization that is tax-exempt does not have to pay tax:

• a tax-exempt Friendly Society

• Some hospitals risk losing their tax-exempt status.

— tax exemption noun [countable, uncountable] :

• The sales tax exemption for newspapers and magazines has been lifted.

* * *

tax-exempt UK US adjective (also tax exempt) TAX, GOVERNMENT
used to describe a product, service, or financial arrangement on which no tax is paid: »

The poorest families pay no grocery tax because their food stamp purchases are tax exempt.

tax-exempt income/contribution »

The savings account will be limited to €50,000 for tax-exempt contributions.

»

a tax-exempt bond/fund/plan

used to describe an organization that does not have to pay tax: »

The federal tax code prohibits using income and assets from tax-exempt organizations for personal gain.

tax-exempt status — Cf. tax-exempt status

Financial and business terms. 2012.

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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 — 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 …   Law dictionary

  • 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 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

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