nontaxable adj 1: (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation" [syn: {nontaxable}, {exempt}] [ant: {nonexempt}, {taxable}]
nontaxable \nontaxable\ 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: