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 ?
With the aim of helping private free zone-registered companies fulfil their tax obligations, the workshop provided a comprehensive overview of VAT and related mechanisms, the implementation timeline, products and services it will cover, as well as tax-exempt sectors. The session clarified the impact of the new tax law, announced in March 2017 by the Ministry of Finance and the Federal Tax Authority, on activities such as bookkeeping as well as on the preparation of invoices and other financial documents.
With the aim of helping private free zone-registered companies fulfill their tax obligations, the workshop provided a comprehensive overview of VAT and related mechanisms, the implementation timeline, products and services it will cover, as well as tax-exempt sectors. The session clarified the impact of the new tax law, announced in March 2017 by the Ministry of Finance and the Federal Tax Authority, on activities such as bookkeeping as well as on the preparation of invoices and other financial documents.
With the aim of helping free zone entities fulfill their tax obligations, the workshop provided a comprehensive overview of VAT and related mechanisms, the implementation timeline, products and services it will cover, as well as tax-exempt sectors. The session clarified the impact of the new tax law on activities such as bookkeeping as well as on the preparation of invoices and other financial documents.
products and services it will cover and the tax-exempt sectors. Additionally
With the aim of helping free zone entities fulfil their tax obligations, the workshop provided a comprehensive overview of the VAT and related mechanisms, the implementation timeline, products and services it will cover, as well as tax-exempt sectors. The session clarified the impact of the new tax law on activities such as book-keeping as well as in the preparation of invoices and other financial documents.