Tax-exempt sector(redirected from Tax Exempt Sectors)
The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved