(adj) (of goods or funds) not subject to taxation, Syn. exempt, Ant. taxable, Example:the funds of nonprofit organizations are nontaxable; income exempt from taxation
The Collaborative International Dictionary of English (GCIDE) v.0.53 Collaborative International Dictionary (GCIDE)
adj. 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. [ Narrower terms: duty-free; tax-exempt, tax-free; unratable; untaxed ] Also See: exempt. [ WordNet 1.5 ]