tax-exempt

[ taks-ig-zempt ]

Phonetic (Standard)IPA

adjective

not subject or liable to taxation:
tax-exempt imports.
providing income that is not taxable:
tax-exempt municipal bonds.

noun

a tax-exempt security.

tax-exempt

adjective

(of an income or property) exempt from taxation
(of an asset) earning income that is not subject to taxation

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Word History and Origins

Origin of tax-exempt¹

First recorded in 1920–25

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Example Sentences

Examples have not been reviewed.

With the Trump administration slashing budgets and threatening to revoke tax-exempt status for nonprofits, some Southern California social justice organizations have gone into a defensive crouch, hoping to wait out the passing storm.

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That’s also why Trump froze billions of dollars in federal aid to Harvard and threatened to pull that university’s tax-exempt status because it stood up to Trump’s bullying tactics on educational aid.

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On Tuesday, Trump threatened to rescind Harvard’s tax-exempt status.

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And that pain will only increase if Trump is able to make good on his threat to remove Harvard's tax-exempt status.

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On Tuesday he took another strike against Harvard, threatening to revoke its tax-exempt status.

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tax evasion tax exile

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