Tax-exempt (adjective)

1. Exempt or free from the payment of certain taxes.
2. Not subject to tax.

Origin:

Formed from the combination of the words "tax" and "exempt", meaning to be free or not subject to a particular tax.

Examples:

1. The organization is a tax-exempt charity.
2. The tax-exempt status of the organization allows them to use more of their funds for their mission.
3. The contributions to the tax-exempt organization are tax-deductible.
4. The tax-exempt bonds issued by the city were sold at a lower interest rate.
5. The tax-exempt status of the church was revoked after the investigation revealed that it was not following the rules.