tax-exempt

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tax-ex·empt

(tăks′ĭg-zĕmpt′)
adj.
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.
n.
A tax-exempt security.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

tax-exempt

adj
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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

tax′-exempt`



adj.
1. not subject or liable to taxation.
2. providing income that is not taxable.
n.
3. a tax-exempt security.
[1920–25]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax-exempt - 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"
Adj.1.tax-exempt - (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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

tax-exempt

[ˌtæksɪgˈzempt] ADJ (US) → exento de impuestos, libre de impuestos
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
References in periodicals archive ?
1, 2011, a new California law requires tax-exempt organizations--other than churches and church-related organizations with average gross receipts of $25,000 or less to electronically file with FTB or risk losing their tax-exempts status.
A tax-exempt organization that fails to file the e-postcard for three consecutive years loses its tax-exempt status and may be liable for the $800 minimum franchise tax.
Under the IRS program, organizations eligible for relief include small tax-exempts eligible to file Form 990-N or Form 990-EZ for all three tax years between 2007 and 2009, and whose due date for their third-consecutive return is between May 17, 2010, and October 15, 2010.
Individuals serving on nonprofit boards or otherwise involved with a nonprofit organization should be aware that hundreds of thousands of small nonprofit organizations are at risk of losing their federal tax-exempt status for failing to file 2007, 2008 and 2009 federal tax returns.
Organizations failing to file for three consecutive years will automatically lose their federal tax-exempt status.
Editorial also includes information on financial tools for managing foundation assets, coverage of the latest IRS and FASB regulations governing tax-exempts, and protecting a tax-exempt status while involved in fund-raising, advocacy and joint ventures.
Civic Research Institute (CRI; Kingston, NJ) has begun the publication of Exempt Organizations Report, a newsletter that will be produced six times a year for professionals involved in the operation of tax-exempt organizations.
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.
However, there appears to be some confusion as to just what each proposal is and what it means to tax-exempts. This alert is intended to put a framework around the proposals as a group so that an investor can better understand what could happen to the municipal market.
The final major plan, the Gephart Plan, is also not as severe in its potential effects on tax-exempt debt; but it, too, would diminish tax-exempts' popularity.