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WordNet-Online
Definitions from WordNet
Adjective tax-exempt has 1 sense
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Definitions from the WebTax-ExemptPart of speech: Adjective Sense 1: Referring to a status exempting a person or organization from paying taxes. Usage 1: The non-profit organization has tax-exempt status. Usage 2: She applied for tax-exempt status for her charitable foundation. Usage 3: As a tax-exempt entity, they are not required to pay income taxes. Part of speech: Noun Sense 1: A person or organization that is exempt from paying taxes. Usage 1: The company qualifies as a tax-exempt due to its non-profit nature. Usage 2: Tax-exempts play a crucial role in society by fulfilling charitable purposes. Usage 3: The local community center is a tax-exempt and relies on donations for funding. Part of speech: Verb Sense 1: To grant tax-exempt status to a person or organization. Usage 1: The government agency agreed to tax-exempt the newly established charity organization. Usage 2: They need to file the necessary paperwork to get their business tax-exempted. Usage 3: The foundation was tax-exempted by the IRS after meeting all the requirements. Related products on Amazon: | ||||
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