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Dictionary


tax-ex•empt



Pronunciation: (taks'ig-zempt"), [key]
adj.
1. not subject or liable to taxation: tax-exempt imports.
2. providing income that is not taxable: tax-exempt municipal bonds.

n.
a tax-exempt security.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

tax evasiontax exile
See also:

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