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 The Conservative Partnership Institute applied to the Internal Revenue Service as a tax-exempt nonprofit, and the agency approved. David A. Fahrenthold, New York Times, 6 May 2024 Last month, Brightline West broke ground on the 218-mile Las Vegas to Southern California system, bolstered by $3 billion from the Biden administration, along with access to $3.5 billion in tax-exempt bonds. Rachel Uranga, Los Angeles Times, 3 May 2024 The letter also calls for ethnic and community-specific media to receive a larger share of the money, and to expand the funding option for nonprofits, which as tax-exempt organizations would otherwise be ineligible to receive the credit. Andrew Sheeler, Sacramento Bee, 2 May 2024 Portable generators less than $3,000 are tax-exempt, as are emergency ladders (not extension ladders) and hurricane shutters under $300. Brayden Garcia, Fort Worth Star-Telegram, 23 Apr. 2024 The rest of the project will be privately funded, although taxpayers are contributing there as well; the Biden administration has enabled the project to borrow $3.5 billion through tax-exempt bonds. Karen Garcia, Los Angeles Times, 23 Apr. 2024 Brightline received Biden administration backing including a $3 billion grant from federal infrastructure funds and recent approval to sell another $2.5 billion in tax-exempt bonds. Ken Ritter, Quartz, 23 Apr. 2024 In addition, individuals, businesses and tax-exempt organizations who had valid extensions to file their 2022 returns will now have until Aug. 7 to file them. James Powel, USA TODAY, 16 Apr. 2024 The stipulation shows that the ethics investigation was opened shortly after The San Diego Union-Tribune asked the mayor’s office about tens of thousands of dollars Gloria raised and spent on behalf of For All of Us, the tax-exempt entity named after his 2020 campaign slogan. Jeff McDonald, San Diego Union-Tribune, 16 Apr. 2024

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 21 May. 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

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