HomeDefinitionsCompareDebt Mutual exclusion doctrineThe financial definition for Mutual exclusion doctrine:The doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities. Similar MatchesAnnual exclusionAnnual exclusionA tax rule allowing the deduction of certain income from taxation. Income exclusion ruleIncome exclusion ruleThe IRS rule that excludes certain types of income from taxation, e.g., welfare payments. Click to compare definitions of Mutual exclusion doctrine Click to view definitions beginning mu |