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tax exemption
(redirected from Tax exempt)

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various charities, civic leagues, labor unions, trade associations, social clubs, and political organizations. Such policies date back to 1894, when the U.S. Congress passed income tax laws that provided exemptions for certain institutions.
tax exemption
The release of a property from the obligation to pay real estate taxes.


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On November 7, 2008, America First Tax Exempt Investors, L.
1 million tax exempt bond financing with the Town of Riverhead Industrial Development Agency on Oct.
Index Summary On March 14, 2006, the IRS Commissioner said: As to tax exempt institutions, I expect scrutiny of this sector to intensify, not diminish.
 
 
 
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