0001752724-19-180136.txt : 20191126 0001752724-19-180136.hdr.sgml : 20191126 20191126170223 ACCESSION NUMBER: 0001752724-19-180136 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190228 FILED AS OF DATE: 20191126 DATE AS OF CHANGE: 20191126 EFFECTIVENESS DATE: 20191126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Tax-Free Income Fund, Inc. CENTRAL INDEX KEY: 0000202927 IRS NUMBER: 521067817 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-02684 FILM NUMBER: 191252007 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703

0000202927 S000002163 T. Rowe Price Tax-Free Income Fund, Inc.

C000005559 T. Rowe Price Tax-Free Income Fund, Inc. PRTAX

C000005560 T. Rowe Price Tax-Free Income Fund-Advisor Class PATAX

C000193190 T. Rowe Price Tax-Free Income Fund-I Class TFILX

N-CEN/A 1 primary_doc.xml X0201 N-CEN/A 0001752724-19-031621 LIVE 0000202927 XXXXXXXX 811-02684 false false false N-1A true T. ROWE PRICE TAX-FREE INCOME FUND, INC. 811-02684 0000202927 549300566VXP0UL02W69 100 East Pratt Street Baltimore 21202 US-MD US 410-345-2000 JPMorgan Chase Bank, London Woolgate House, Coleman Street London GB EC2P 2HD 0 44 20 7742 4000 Records related to the custody of Registrant's portfolio securities which are purchased outside the United States. State Street Corporation 1776 Heritage Drive Quincy 02171 617-786-3000 Custodian records for the Registrant. T. Rowe Price Tax-Free Income Fund, Inc. 100 East Pratt Street Baltimore 21202 410-345-2000 All accounts, books, and other documents required to be maintained by the Registrant under Section 31(a) of the Investment Company Act of 1940 and the rules thereunder The Bank of New York Mellon 103 Bellevue Parkway Wilmington 19809 800-441-9800 Fund accounting records. T. Rowe Price Services, Inc. 4525 Painters Mill Road Owings Mills 21117 410-345-2000 Transfer, dividend disbursing, and shareholder service records. Y N N-1A 1 Y David Oestreicher 004594569 Y Robert J. Gerrard, Jr. N/A N Teresa Bryce Bazemore N/A N John G. Schreiber N/A N Bruce W. Duncan N/A N Paul F. McBride N/A N Cecilia E. Rouse N/A N Ronald J. Daniels N/A N Robert W. Sharps N/A Y John R. Gilner 001909214 100 East Pratt Street Baltimore 21202 XXXXXX N N N N N N T. Rowe Price Investment Services, Inc. 008-25130 000008348 N/A Y N PricewaterhouseCoopers LLP 238 N/A N N N N N N N T. Rowe Price Tax-Free Income Fund, Inc. S000002163 AQVTFPJ03TC8U1Q0ZJ34 Y 3 0 0 N/A N N N N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Y N Y N T. Rowe Price Associates, Inc. 801-00856 000105496 7HTL8AEQSEDX602FBU63 N T. Rowe Price Services, Inc. 084-01079 N/A Y N T. Rowe Price Retirement Plan Services, Inc. 084-01917 N/A Y Y N Refinitiv 549300561UZND4C7B569 N ICE Data Services N/A N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N Markit North America, Inc. N/A N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) JPMorgan Chase Bank, London 7H6GLXDRUGQFU57RNE97 GB N N Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N T. Rowe Price Services, Inc. N/A Y N T. Rowe Price Retirement Plan Services, Inc. N/A Y Y N T. Rowe Price Associates, Inc. 7HTL8AEQSEDX602FBU63 Y N N T. Rowe Price Investment Services, Inc. 008-25130 000008348 N/A 0.00000000 0.00000000 The Goldman Sachs Group, Inc. N/A N/A 784F5XWPLTWKTBV3E584 47165619.00000000 U.S. Bank National Association N/A N/A 6BYL5QZYBDK8S7L73M02 90610000.00000000 PNC Capital Markets LLC 008-32493 000015647 7OGNSSLOQJ8U3B9Y5F18 37395335.00000000 TD SECURITIES (USA) LLC 008-36747 000018476 SUVUFHICNZMP2WKHG940 254560000.00000000 Bank of America Corporation N/A N/A 9DJT3UXIJIZJI4WXO774 73385516.00000000 Jefferies Financial Group Inc. N/A N/A 549300HOF34RGOJ5YL07 65842825.00000000 Citigroup Inc. N/A N/A 6SHGI4ZSSLCXXQSBB395 40983760.00000000 Morgan Stanley N/A N/A IGJSJL3JD5P30I6NJZ34 168325874.00000000 JP MORGAN CHASE & CO. N/A N/A 8I5DZWZKVSZI1NUHU748 401756013.00000000 Wells Fargo & Company N/A N/A PBLD0EJDB5FWOLXP3B76 213773214.00000000 1574320944.00000000 N 2495575861.47000000 0.00000000 N N N N false false true false false false INTERNAL CONTROL RPT 2 g1aiii_trp_tf_income.htm

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of T. Rowe Price Tax-Free Income Fund, Inc.

In planning and performing our audit of the financial statements of T. Rowe Price Tax-Free Income Fund, Inc. (the “Fund”) as of and for the year ended February 28, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of February 28, 2019.

This report is intended solely for the information and use of the Board of Directors of T. Rowe Price Tax-Free Income Fund, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore Maryland

April 18, 2019