(exempt from)
71Double Exempt — The status accorded to municipal bonds for which interest is not subject to taxation at either the federal or state level. In general, most states do not tax residents on interest income arising from tax exempt bonds issued by that state, its… …
72Tax Exempt — To be free from, or not subject to, taxation by regulators or government entities. A tax exempt entity can be excused from a single or multiple taxation laws. Governments are often trying to encourage investment when exempting taxation. Certain… …
73Exemption from military service in Israel — Conscription to the Israeli Defense Forces is done in Israeli in accordance with the Israeli Security Service Law (חוק שירות ביטחון). This law also consists of a set of rules that define in which cases a person would be exempted from security… …
74tax 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,… …
75tax exempt — Term pertains to property used for educational, religious, or charitable purposes which is ordinarily exempted by law from assessment for taxes; or to certain bonds issued by the federal government or a State or one of its subdivisions. Interest… …
76tax-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] …
77partially exempt — In the context of value added tax (VAT), a taxable person who makes taxable supplies (taxable supply) and exempt supplies (See exempt supply) will be able to recover input tax only to the extent that the input tax is attributable to his taxable… …
78Tax-Exempt Interest — Interest income that is exempt from federal income tax. Although it is not directly taxed, this income may still be required to determine other tax calculations such as Social Security benefits. For example, municipal bonds are exempt from… …
79Tax-Exempt Sector — The market niche comprised of investment vehicles exempt from federal taxes. Nearly all investments in this area are municipal bonds, which cannot be taxed owing to the fact that U.S. law forbids the federal government from taxing debt issues… …
80tax-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 …
