Nontaxable Interest
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Nontaxable Interest
Interest on state and municipal debt obligations (municipal bonds), which is generally excludable from federal taxable income , though interest from certain municipal bonds is subject to the alternative minimum tax. Qualified scholarship funding bonds and qualified fire department bonds may also be treated as state or municipal debt obligations. Interest on certain private activity bonds that qualify for tax exemption is also nontaxable.
| Nontaxable Dividends, Nonstore Retailing, Nonstock Corporation | |
| Nonvoting Stock, Norm, Normal Cost |
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Nontaxable Interest
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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