nontaxable
non tak suh buhl
- a (of goods or funds) not subject to taxation
the funds of nonprofit organizations are nontaxable
- That would amount to a nontaxable wage increase, though the beneficiaries might spend more on weekends.
- He became a bond salesman and learned the art of lobbying in the Connecticut legislature, getting his bonds made nontaxable.
- Barton Yount was president of the American Institute for Foreign Trade, newly organized as a nontaxable, non-profit educational corporation.