Nontaxable

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [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]

From WordNet (r) 2.0 [wn]:

  nontaxable
       adj : (of goods or funds) not subject to taxation; "the funds of
             nonprofit organizations are nontaxable"; "income exempt
             from taxation" [syn: {exempt}] [ant: {taxable}]