Longman Dictionary of Contemporary English
tax exempt
adjective
EXAMPLES FROM CORPUS
▪ At issue is a college course Gingrich taught in 1993-95 with financial support from tax exempt foundations.
▪ It has contributed to the decline in direct portfolio investment as opposed to indirect investment through tax exempt institutions.
▪ Note that eurobonds are unlikely to attract tax exempt investors such as pension funds, given the lower yield associated with bearer status.
▪ These were tax exempt bonds issued by state and local governments to provide financing for private sector investment in plants and equipment.