![tax-exempt tax-exempt](https://www.tekportal.net/wp-content/uploads/2018/11/tax-exempt.jpg)
adjective
- not subject or liable to taxation: tax-exempt imports.
- providing income that is not taxable: tax-exempt municipal bonds.
noun
- a tax-exempt security.
adjective
- (of an income or property) exempt from taxation
- (of an asset) earning income that is not subject to taxation