“the funds of nonprofit organizations are nontaxable”
- Synonyms:
- exempt
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exempt
(of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject
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duty-free
exempt from duty
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tax-exempt, tax-free, untaxed
(of goods or funds) not taxed
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unratable
not subject to locally assessed property taxes
- Antonyms:
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nonexempt, taxable
(of goods or funds) subject to taxation
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nonexempt
(of persons) not exempt from an obligation or liability
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assessable
capable of being assessed especially for the purpose of taxation
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dutiable
subject to import tax
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ratable, rateable
liable to payment of locally assessed property taxes
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