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Definition of Nontaxable
1. Adjective. (of goods or funds) not subject to taxation. "Income exempt from taxation"
Also: Exempt
Similar to: Duty-free, Tax-exempt, Tax-free, Untaxed, Unratable
Antonyms: Taxable
Definition of Nontaxable
1. Adjective. Not subject to being taxed. ¹
¹ Source: wiktionary.com
Definition of Nontaxable
1. [adj]
Lexicographical Neighbors of Nontaxable
Literary usage of Nontaxable
Below you will find example usage of this term as found in modern and/or classical literature:
1. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1922)
"Internal revenue C=7—Testator cannot render fund nontaxable. In determining
whether the proceeds of the sale of corporate stock by testamentary trustees was ..."
2. The Transfer Tax Law of the State of New York: Being Sections 220 to 245 by George Washington McElroy (1909)
"Deduction of Debt of Nonresident Due New York Creditors Secured by Pledge of
Taxable and nontaxable Securities. The decedent, a resident of the State of New ..."
3. Indian Land Laws: Being a Treatise on Indianland Titles in Oklahoma and by Samuel Thomas Bledsoe (1913)
"Allotments nontaxable and inalienable.—[2]. First. There shall be set aside to
each member of said tribe, as shown by the roll of membership December first, ..."
4. Rose's Notes on the United States Supreme Court Reports (2 Dallas to 241 by Walter Malins Rose, Charles Lawrence Thompson, United States Supreme Court (1919)
"187, where property of cemetery corporation is represented by shares of stock,
corporation's nontaxable property should be deducted from market value of ..."
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