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tax exemption
(redirected from tax-exempt)

   Also found in: Dictionary/thesaurus, Financial, 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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The Internal Revenue Service ORS) released the revised instructions that tax-exempt organizations will need to fill out for the redesigned Form 990, which must be filed starting with tax year 2008 (filed in 2009).
source portfolio income it often has a choice to make: It can do the apparently obvious thing and claim tax-exempt status (and thus an exemption from U.
The IRS began mailing educational letters in July to more than 650,000 small, tax-exempt organizations that may be required to submit a new annual notice, Form 990-N, "Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ.
 
 
 
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