nontaxable

2 definitions found

nontaxable - Collaborative International Dictionary of English v.0.48 :

  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]

nontaxable - WordNet (r) 2.1 (2005) :

  nontaxable
      adj 1: (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]