Tax-Exempt Income

(redirected from Tax Exempt Income)

Tax-exempt income

Dividends and interest not subject to federal and, in some cases, state and local income taxes.

Tax-Exempt Income

Income that is not subject to taxation. Additionally, certain income an individual or corporation derives may be tax exempt, even though the individual or corporation would owe taxes otherwise. For example, coupons from a municipal bond are tax exempt at the federal level. See also: Tax credit, tax deduction.

Tax-Exempt Income

Income that by law is not subject to income tax.
References in periodicals archive ?
In summary, the Company remains committed to executing its business plan and generating steady, predictable distributions of predominantly tax exempt income to its investors.
announces that a class action lawsuit was commenced in the United States District Court for the District of Northern California, on behalf of purchasers, redeemers and holders of shares of Excelsior California Tax Exempt Income Fund , Excelsior Early Life Cycle Fund , Excelsior Funds Equity Income Fund , Excelsior Funds Inc.
BOSTON -- Putnam Investments announced that Putnam Tax-Free Health Care Fund (NYSE: PMH) and the open-end Putnam Tax Exempt Income Fund completed their previously announced merger in a closing held today.
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Northern District of California on behalf of all purchasers, redeemers and holders of shares of Excelsior California Tax Exempt Income Fund , Excelsior Early Life Cycle Fund , Excelsior Funds Equity Income Fund , Excelsior Funds Inc.
The fund is merging into Putnam Tax Exempt Income Fund on September 14, 2007.
BOSTON -- Putnam Investments announced that shareholders of Putnam Tax-Free Health Care Fund (NYSE: PMH), at a special meeting today, approved the merger of the fund into Putnam Tax Exempt Income Fund, an open-end fund also managed by Putnam Investments.
Putnam Europe Equity Fund , Putnam Florida Tax Exempt Income Fund , Putnam Fund for Growth and Income , George Putnam Fund of Boston , Putnam Global Equity Fund , Putnam Global Income Trust
BOSTON -- Putnam Investments announced today that Putnam New York Investment Grade Municipal Trust (AMEX: PMN) and the open-end Putnam New York Tax Exempt Income Fund completed their previously announced merger in a closing held today.
BOSTON -- Putnam Investments announced today that the pricing for closing the merger of Putnam New York Investment Grade Municipal Trust (AMEX: PMN) into the open-end Putnam New York Tax Exempt Income Fund is expected to occur as of Friday, June 22, 2007, following a meeting of PMN's shareholders to consider approval of the terms of the transaction.
BOSTON -- Putnam Investments and the Board of Trustees of the Putnam Funds announced today that the Board of Trustees has formally approved the merger of Putnam New York Investment Grade Municipal Trust (AMEX: PMN) into the open-end Putnam New York Tax Exempt Income Fund and the merger of Putnam Tax-Free Health Care Fund (NYSE: PMH) into the open-end Putnam Tax Exempt Income Fund.
Government Income Trust, and Putnam Minnesota Tax Exempt Income Fund II.