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Meaning of "tax exemption" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF TAX EXEMPTION

tax exemption  [tæks ɪɡˈzɛmpʃən] play
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GRAMMATICAL CATEGORY OF TAX EXEMPTION

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Tax exemption is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TAX EXEMPTION MEAN IN ENGLISH?

Tax exemption

Various tax systems grant a tax exemption to certain organizations, persons, income, property or other items taxable under the system. Tax exemption may also refer to a personal allowance or specific monetary exemption which may be claimed by an individual to reduce taxable income under some systems. Tax exempt status may provide a potential taxpayer complete relief from tax, tax at a reduced rate, or tax on only a portion of the items subject to tax. Examples include exemption of charitable organizations from property taxes and income taxes, exemptions provided to veterans, and exemptions under cross-border or multi-jurisdictional principles. Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances. Tax exemption also generally refers to removal from taxation of a particular item or class rather than a reduction of taxable items by way of deduction of other items. Tax exemptions may theoretically be granted at any governmental level that imposes taxation, though in some broader systems restraints are imposed on such exemptions by lower tier governmental units.

Definition of tax exemption in the English dictionary

The definition of tax exemption in the dictionary is exemption from taxation. Other definition of tax exemption is the earning of income that is not subject to taxation.

WORDS THAT RHYME WITH TAX EXEMPTION


ademption
əˈdɛmpʃən
assumption
əˈsʌmpʃən
coemption
kəʊˈɛmpʃən
consumption
kənˈsʌmpʃən
diremption
daɪˈrɛmpʃən
emption
ˈɛmpʃən
gumption
ˈɡʌmpʃən
misassumption
ˌmɪsəˈsʌmpʃən
nonconsumption
ˌnɒnkənˈsʌmpʃən
overconsumption
ˌəʊvəkənˈsʌmpʃən
pre-emption
prɪˈɛmpʃən
presumption
prɪˈzʌmpʃən
reassumption
ˌriːəˈsʌmpʃən
redemption
rɪˈdɛmpʃən
resumption
rɪˈzʌmpʃən
rumblegumption
ˌrʌmbəlˈɡʌmpʃən
rumgumption
rʌmˈɡʌmpʃən
rummlegumption
ˈrʌməlˌɡʌmpʃən
subsumption
səbˈsʌmpʃən
transumption
trænˈsʌmpʃən

WORDS THAT BEGIN LIKE TAX EXEMPTION

tax collector
tax concession
tax consultant
tax credit
tax cut
tax demand
tax disc
tax dodge
tax evader
tax evasion
tax exile
tax form
tax haven
tax holiday
tax immunity
tax incentive
tax increase
tax inspector
tax levy
tax liability

WORDS THAT END LIKE TAX EXEMPTION

absorption
accreditation
adoption
alcohol consumption
caption
conception
corruption
description
disruption
encryption
exception
exemption
inception
inscription
job description
option
perception
prescription
reception
subscription
transcription

Synonyms and antonyms of tax exemption in the English dictionary of synonyms

SYNONYMS

Translation of «tax exemption» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TAX EXEMPTION

Find out the translation of tax exemption to 25 languages with our English multilingual translator.
The translations of tax exemption from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «tax exemption» in English.

Translator English - Chinese

免税
1,325 millions of speakers

Translator English - Spanish

exención de impuestos
570 millions of speakers

English

tax exemption
510 millions of speakers

Translator English - Hindi

कर छूट
380 millions of speakers
ar

Translator English - Arabic

الإعفاء من الضرائب
280 millions of speakers

Translator English - Russian

освобождение от налогов
278 millions of speakers

Translator English - Portuguese

isenção fiscal
270 millions of speakers

Translator English - Bengali

কর অব্যাহতি
260 millions of speakers

Translator English - French

exonération de la taxe
220 millions of speakers

Translator English - Malay

Pengecualian cukai
190 millions of speakers

Translator English - German

Steuerfreiheit
180 millions of speakers

Translator English - Japanese

免税
130 millions of speakers

Translator English - Korean

세금 면제
85 millions of speakers

Translator English - Javanese

Tax exemption
85 millions of speakers
vi

Translator English - Vietnamese

miễn thuế
80 millions of speakers

Translator English - Tamil

வரி விலக்கு
75 millions of speakers

Translator English - Marathi

कर सूट
75 millions of speakers

Translator English - Turkish

vergi muafiyeti
70 millions of speakers

Translator English - Italian

esenzione fiscale
65 millions of speakers

Translator English - Polish

zwolnienie z podatku
50 millions of speakers

Translator English - Ukrainian

звільнення від податків
40 millions of speakers

Translator English - Romanian

scutire de impozit
30 millions of speakers
el

Translator English - Greek

φορολογική απαλλαγή
15 millions of speakers
af

Translator English - Afrikaans

belastingvrystelling
14 millions of speakers
sv

Translator English - Swedish

skattebefrielse
10 millions of speakers
no

Translator English - Norwegian

skattefritak
5 millions of speakers

Trends of use of tax exemption

TRENDS

TENDENCIES OF USE OF THE TERM «TAX EXEMPTION»

The term «tax exemption» is quite widely used and occupies the 43.714 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
80
/100
The map shown above gives the frequency of use of the term «tax exemption» in the different countries.
Principal search tendencies and common uses of tax exemption
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «tax exemption».

FREQUENCY OF USE OF THE TERM «TAX EXEMPTION» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «tax exemption» during the past 500 years. Its implementation is based on analysing how often the term «tax exemption» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about tax exemption

EXAMPLES

10 ENGLISH BOOKS RELATING TO «TAX EXEMPTION»

Discover the use of tax exemption in the following bibliographical selection. Books relating to tax exemption and brief extracts from same to provide context of its use in English literature.
1
The Charitable Tax Exemption
The Charitable Tax Exemption is a major contribution to the theory of tax law and should be essential reading for a wide range of lawyers dealing with taxes.
John D. Colombo, Mark A. Hall, 1995
2
The Law of Tax-Exempt Organizations
This guide is supplemented annually to keep the lawyers and managers of nonprofit organizations on top of the latest nonprofit legal and tax developments.
Bruce R. Hopkins, 2012
3
Tax, Estate, and Lifetime Planning for Minors
Each parent possesses an exemption from the GST tax.28 For 2006, the exemption is $2 million per parent. Like the estate tax exemption, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA 2001) provides that the ...
Carmina Y. D'Aversa, 2006
4
Planning Guide for the Law of Tax-Exempt Organizations: ...
CONcEPT OF RECOGNITION OF TAx EXEMPTION As noted, eligibility for tax— exempt status is dictated by the provisions of (usually statu— tory) law. Thus, an organization either qualifies for a category of exemption or it does not (although ...
Bruce R. Hopkins, 2004
5
The Tax Law of Associations
2.1 CONCEPT OF TAX EXEMPTION Every element of gross income received by a person, including a corporation or trust, is subject to the federal income tax.2 The presumption is that all income is taxable; income, to not be taxable, must be  ...
Bruce R. Hopkins, 2006
6
Financing Nonprofits: Putting Theory Into Practice
The rules governing the application of the property tax are set by the individual states (although it will in general be the local governments who bear the burden of the tax exemption), and while there is some variance, particularly in whether the ...
Dennis R. Young, 2007
7
Estate Planning Strategies: A Lawyer's Guide to Retirement ...
Spousal Estate-Tax Exemption In the case of a married couple, if the testator's entire estate passes to the surviving spouse, the benefit of the testator's estate-tax exemption will be lost. To fully utilize each spouse's estate-tax exemption, a will ...
Jay A. Soled, 2002
8
The Tax Treatment of NGO's: Legal, Fiscal, and Ethical ...
3 The Internal Revenue Code's tax exemption provisions extend far beyond the borders of charity, which will be the limit of my discussion. See Harvey H. Dale, Rationales for Tax Exemption 1 n.1 (Feb. 1, 1988) (unpublished manuscript on file ...
Paul Bater, Frits Willem Hondius, Penina Kessler Lieber, 2004
9
Ernst & Young Tax Guide 2013
These trusts, which are used to take full advantage of a spouse's estate tax exemption, typically provide income and discretionary distributions of principal to the deceased's surviving spouse. The amount that goes into these trusts is typically ...
Ernst & Young, 2012
10
The Fundamentals of Municipal Bonds
The Court's ruling in South Carolina produced discussion among some state and local governments about the need for a constitutional amendment expressly protecting the municipal securities tax exemption from federal intrusion. HISTORY ...
‎2001

10 NEWS ITEMS WHICH INCLUDE THE TERM «TAX EXEMPTION»

Find out what the national and international press are talking about and how the term tax exemption is used in the context of the following news items.
1
Anaheim approves 30-year tax exemption deal for Disney
Oscar Borrayo, 8, holds up a sign at the Anaheim City Council meeting on the proposal to shield Disney from admission taxes for 30 more years in exchange for ... «89.3 KPCC, Jul 15»
2
Missouri law allows tax exemption for stillbirths
JEFFERSON CITY, Mo. (AP) - Missouri is joining at least one other state in offering a tax exemption for stillbirths, after Democratic Gov. Jay Nixon signed a law ... «Washington Times, Jul 15»
3
Kansas Senate rejects repealing sales tax exemptions
But it voted 30-9 against the main part repealing a host of sales tax exemptions that would have raised nearly $600 million in new revenue — enough to pay for ... «Lawrence Journal World, May 15»
4
Panel considers end to sales tax exemption on government …
HB 2435, which was reviewed by the House Taxation Committee on Wednesday morning, would repeal a sales tax exemption for public building projects, ... «Wichita Eagle, May 15»
5
Budget 2015: Tax exemption limit for health insurance increased to …
NEW DELHI: In a move that will cheer the common man, Finance Minister Arun Jaitley in his budget speech announced several tax benefits. The tax exemption ... «Economic Times, Feb 15»
6
Republican targets NFL tax exemption
Even so, the Joint Committee on Taxation said last year that repealing the exemption would raise about $109 million in revenue over a decade. Critics of the ... «The Hill, Jan 15»
7
Kentucky Revokes Tax Exemptions for Biblical Ark Park, Citing …
On Tuesday, Kentucky's Tourism Arts & Heritage Cabinet revoked $18 million in tax exemptions for a Bible-themed amusement park, Ark Encounter. The park ... «Slate Magazine, Dec 14»
8
Budget 2014: Income tax exemption limit hiked from Rs 2 lakh to Rs …
NEW DELHI: In a marginal relief to the individual taxpayers, Finance Minister Arun Jaitley on Thursday increased the income tax exemption limit from Rs 2 lakh ... «Economic Times, Jul 14»
9
Tea Party Trumps IRS By Self-Declaring Tax Exemption
To be recognized as tax-exempt, you ask the IRS, right? Many Tea Party groups—and perhaps pro-Israel groups too—were singled them out for extra scrutiny. «Forbes, May 13»
10
Obama proposes municipal bond tax exemption cap, again
The independent, bipartisan tax reform group known as Bowles-Simpson also suggested ... The exemption dates back to the federal tax code's creation in 1913. «Reuters, Apr 13»

REFERENCE
« EDUCALINGO. Tax exemption [online]. Available <https://educalingo.com/en/dic-en/tax-exemption>. May 2024 ».
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