English version

tax exempt in Tax topic

From Longman Dictionary of Contemporary Englishtax exemptˌtax exˈempt adjective  PETif savings, income etc are tax exempt, you do not have to pay tax on them
Examples from the Corpus
tax exemptThese were tax exempt bonds issued by state and local governments to provide financing for private sector investment in plants and equipment.At issue is a college course Gingrich taught in 1993-95 with financial support from tax exempt foundations.It has contributed to the decline in direct portfolio investment as opposed to indirect investment through tax exempt institutions.Note that eurobonds are unlikely to attract tax exempt investors such as pension funds, given the lower yield associated with bearer status.