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English definition of “tax-exempt”

tax-exempt

adjective     /ˌtæks.ɪɡˈzempt/
used to describe a product , service , or financial arrangement on which no taxes have to be paid : The poorest families pay no grocery tax because their food stamp purchases are tax-exempt. used to describe a person or an organization that does not have to pay tax : the tax-exempt status of college athletic departments
(Definition of tax-exempt adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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