Tax Exempt refers to income or property which is not subject to tax. Interest on Municipal bond is not subject to federal income tax. Similarly, interest on a treasury bond is not subject to state or local income taxes.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). tax exempt. Retrieved September 20, 2026, from http://smartdefine.org/tax_exempt/definitions/1164893 |
| Chicago | Barry Goldsmith. 2010. "tax exempt" http://smartdefine.org/tax_exempt/definitions/1164893 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, tax exempt, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/tax_exempt/definitions/1164893>. |
| MLA | Barry Goldsmith. "tax exempt" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/tax_exempt/definitions/1164893> |