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Definitions for
"nontaxable"
Keywords:
taxation
,
nonprofit
,
outlets
,
taxable
,
subject
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.
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(of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"
wordnet.princeton.edu