Ballentine's law dictionary. Anderson, W.S.. 1998.
tax-exempt income — Income that is specifically made exempt from taxation by Congress, such as certain Social Security benefits, tax exempt interest, welfare benefits, nontaxable life insurance proceeds, and nontaxable pension income. Category: Back Taxes & Tax Debt … Law dictionary
tax-exempt income — dividends and interest not subject to federal and, in some cases, state and local income taxes. Bloomberg Financial Dictionary * * * tax exempt income tax exempt income ➔ income * * * tax exempt income UK US noun [C or U] (also tax free income)… … Financial and business terms
tax-exempt income fund — A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes. Bloomberg Financial Dictionary … Financial and business terms
tax-free income — See tax exempt income … Ballentine's law dictionary
tax-exempt — ▪ I. tax exempt ˈtax exˌempt 1 noun [countable] TAX an investment on which you do not have to pay tax: • There is strong investor demand for tax exempts. [m0] ▪ II. tax exempt tax exempt 2 adjective … Financial and business terms
tax exempt entity — USA An entity that is generally exempt from paying federal and state taxes. The entity generally must apply for a federal and state determination that it is exempt from taxes. Certain income of a tax exempt entity may still be subject to tax,… … Law dictionary
tax–exempt — adj 1: exempted from taxation; also: based on such exemption tax–exempt status 2: providing interest or income that is exempted from taxation a tax–exempt municipal bond Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
tax exempt — adj. Not subject to taxation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. tax exempt adj. Not subject to tax. This term is usually descriptive of … Law dictionary
tax-exempt — [taks′eg zempt′] adj. 1. exempt from taxation; that may not be taxed 2. producing income that is exempt from taxation [tax exempt bonds] … English World dictionary
Tax exempt bond premium laundering — is an alleged practice of U.S. securities firms in the early 2000s to shelter capital gains income by improperly accounting for losses on tax exempt bonds. [http://www.bloomberg.com/apps/news?pid=20601039 refer=columnist mysak sid=a Df5OghyryY]… … Wikipedia
