Wiktionary
a. Exempt from paying tax; not subject to taxation.
WordNet
Usage examples of "tax-exempt".
He further suggested that the corporations would include the electronic ministries of the airwaves, and their tax-exempt revenues.
Retracing the steps of her spiritual journey, she approached them one by one with her modest proposal: that she show them the ropes of fund-raising, the benefits of obtaining tax-exempt status as registered, organized religions, and the basics of bookkeeping to safeguard their continued economic health.
He is not entitled to use tax-exempt funds to pay women to keep quiet about personal issues that involve him.
Also, as de-facto chairman of the board, I thought it would look better if I owned a bigger block, too, so I traded you some blue chips and tax-exempts for some of your senior-corporation voting stock.