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1. Not subject to taxation, as the capital or income of a philanthropic organization.
2. Producing interest that is exempt from income tax: tax-exempt bonds.
A tax-exempt security.


1. (Accounting & Book-keeping) (of an income or property) exempt from taxation
2. (Accounting & Book-keeping) (of an asset) earning income that is not subject to taxation


1. not subject or liable to taxation.
2. providing income that is not taxable.
3. a tax-exempt security.
ThesaurusAntonymsRelated WordsSynonymsLegend: - a security that is not subject to taxation
certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities" - (of goods or funds) not taxed; "tax-exempt bonds"; "an untaxed expense account"
nontaxable, exempt - (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"


[ˌtæksɪgˈzempt] ADJ (US) → exento de impuestos, libre de impuestos
References in periodicals archive ?
This article discusses the law and describes the steps tax-exempts can take to reduce their exposure to the new penalties.
CPAs who serve tax-exempts as employees or consultants will have to explain the implications of this legislation to an ever-growing body of tax-exempt organizations.
This provision seems to imply that to avoid the second-tier tax, tax-exempts must monitor themselves and correct excess benefit transactions before the IRS imposes the first-tier tax upon audit.
Tax-exempts are now required to disclose information on their Forms 990, Return of Organization Exempt from Income Tax, about disqualified persons, details of excess benefit transactions and penalty taxes paid under sections 4911, 4912 and 4955.
Tax-exempts may charge a reasonable fee to cover reproduction and mailing costs.
CPAs can advise tax-exempts of steps they can take to reduce or eliminate the impact of the penalty taxes.
The new provisions have a significant overall impact on tax-exempts.
It is now more difficult for tax-exempts to hire highly compensated executives simply because they can receive lucrative compensation packages in the for-profit arena without exposing the organization to sanctions.
Tax-exempts that want to attract high-profile individuals to help raise funds cannot do so if compensation is based solely on revenues raised.
Tax-exempts must appoint trustees who are knowledgeable about compensation issues and willing to implement the law's compensation oversight requirements.
Puttable floating option tax-exempts receipts series PT-2266;