tax-exempt
adjective
- exempt from taxation; that may not be taxed
- producing income that is exempt from taxation: tax-exempt bonds
See tax-exempt in American Heritage Dictionary 4
(tăksˌĭg-zĕmptˈ)
adjective- Not subject to taxation, as the capital or income of a philanthropic organization.
- Producing interest that is exempt from income tax: tax-exempt bonds.
noun A tax-exempt security.
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