Tax-exempt sector

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Tax-exempt sector

The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.

Tax-Exempt Sector

The market for investments exempt from federal taxes. All, or nearly all, investments in the tax-exempt sector are municipal bonds. This is because U.S. law forbids the federal government from taxing debt issues made by state and local government bodies.
References in periodicals archive ?
of South Carolina) present a guide for law students and practitioners on the law governing the nonprofit, tax exempt sector.
OICCI members raised important issues concerning the taxation structure in light of the upcoming budget, including loss of revenue accruing from the tax exempt sector and evasion in the form of rampant smuggling of consumer goods, especially under the garb of Afghan Transit Trade.
It is the key transparency tool relied on by the public, state regulators, the media, researchers, and policymakers to obtain information about the tax exempt sector and individual organizations.
On the flip side the residual "ripple effect" of every dollar spent on education is multiplied outside of the tax exempt sector through the consumer of the education as well as the provider.