Definition of "Exempt" :

verb: grant exemption or release to

verb: grant relief or an exemption from a rule or requirement to

"She exempted me from the exam."

adjective: (of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject

"A beauty somehow exempt from the aging process."

adjective: (of goods or funds) not subject to taxation

"Income exempt from taxation."