exemption
Definition
Also called tax exemption.
Use exemption in a sentence
“ Mostly non-profit organizations that have a 501 (c) 3 status can claim an exemption from income tax and in some states, from sales tax. ”
“ I got an exemption form all the donations I made to different churches and non profit organizations, so its almost like I lost no money at all! ”
“ The Church of Scientology can get a tax exemption for being a religious organization as long as their proceeds benefit their members or the community not the organization itself. ”