tax exemption

Frequency: 8.025.0 per million words

The right to not pay a tax or to have a reduced rate of tax.

exemptionADJECTIVE + NOUN

Categories:

tax

Examples (10)

  • The charity organization qualified for a complete tax exemption this year.
  • Many religious institutions enjoy permanent tax exemption status.
  • The nonprofit applied for tax exemption to reduce their operational costs.
  • Small businesses may be eligible for partial tax exemption benefits.
  • The government granted special tax exemption to disaster relief organizations.
  • Educational institutions typically receive automatic tax exemption approval.
  • The company lost its tax exemption due to policy violations.
  • Homeowners can claim tax exemption on their primary residence.
  • The new law provides tax exemption for renewable energy investments.
  • Healthcare facilities must maintain their tax exemption documentation annually.