Exemption Certificate
/ɪgˈzɛm(p)ʃən sɜːrtɪfɪkət/
Definitions
- (n.) A legal document that exempts the holder from a tax, fee, or legal obligation under specified conditions.
The nonprofit organization presented an exemption certificate to avoid paying sales tax on its purchases.
Forms
- exemption certificate
- exemption certificates
Related terms
See also
Commentary
Exemption certificates must be carefully drafted to specify the scope of exemption and comply with jurisdictional requirements to avoid audit challenges.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.