'nontaxable' definitions:
Definition of 'nontaxable'
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'
- 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]
