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Tax-Exempt Income
(redirected from Tax Exempt Income)

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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.


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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 and the Board of Trustees announced today that the Board of Trustees has formally approved the mergers of Putnam Municipal Opportunities Trust (NYSE: PMO) into Putnam Tax Exempt Income Fund and of Putnam Managed Municipal Income Trust (NYSE: PMM) into Putnam Tax-Free High Yield Fund.
 
 
 
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