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The tax-equivalent adjustment combines amounts of interest income on federally nontaxable loans and investment securities using the statutory federal income tax rate of 35%.
www.digitaljournal.com You're creating things that are going to be on the nontaxable side of the balance sheet when they die.
www.bloomberg.com Furthermore, all of these groups, both right and left, subject to further scrutiny all were given nontaxable status, though many certainly did not deserve it.
ncronline.org That's a reality that affects municipalities unevenly, because some have little tax-exempt property, while others are almost entirely full of nontaxable property.
www.njspotlight.com In the simplest form, contribution of business assets to a subsidiary enterprise may, in certain circumstances, be treated as a nontaxable event.
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