'nontaxable' definitions:

Definition of 'nontaxable'

(from WordNet)
adjective
(of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation" [syn: nontaxable, exempt] [ant: nonexempt, taxable]

Definition of 'nontaxable'

From: GCIDE
  • nontaxable \nontaxable\ adj. Not subject to taxation; -- of goods imported into a country or sold at retail outlets; as, most laws imposing sales taxes make food nontaxable. Opposite of taxable. [Narrower terms: duty-free; tax-exempt, tax-free; unratable; {untaxed ] Also See: exempt. [WordNet 1.5]