0001752724-22-096728.txt : 20220428 0001752724-22-096728.hdr.sgml : 20220428 20220428111312 ACCESSION NUMBER: 0001752724-22-096728 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220428 DATE AS OF CHANGE: 20220428 EFFECTIVENESS DATE: 20220428 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 SEC ACT: 1940 Act SEC FILE NUMBER: 811-02684 FILM NUMBER: 22863368 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 1 primary_doc.xml X0404 N-CEN 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 State Street Corporation 1776 Heritage Drive Quincy 02171 617-786-3000 Custodian records for the Registrant. 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. T. Rowe Price Tax-Free Income Fund, Inc. 100 East Pratt Street N/A 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. 100 East Pratt Street Baltimore 21202 410-345-2000 Transfer, dividend disbursing, and shareholder service records. N N N-1A 1 Y Bruce W. Duncan N/A N Teresa Bryce Bazemore N/A N Paul F. McBride N/A N Kellye L. Walker N/A N Robert J. Gerrard, Jr. N/A N Eric L. Veiel 003269676 Y Ronald J. Daniels N/A N David Oestreicher 004594569 Y Mary Ann Picciotto 004235357 100 East Pratt Street Baltimore 21202 XXXXXX Y N N N N N N T. Rowe Price Investment Services, Inc. 008-25130 000008348 N/A Y N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N N T. Rowe Price Tax-Free Income Fund, Inc. S000002163 AQVTFPJ03TC8U1Q0ZJ34 N 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 Y Y N T. Rowe Price Associates, Inc. 801-00856 000105496 7HTL8AEQSEDX602FBU63 N T. Rowe Price Retirement Plan Services, Inc. 084-01917 N/A Y Y T. Rowe Price Services, Inc. 084-01079 N/A Y N N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N ICE Data Services 13-3668779 Tax ID N Markit North America, Inc. N/A N N JPMorgan Chase Bank, London 7H6GLXDRUGQFU57RNE97 GB N N Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N T. Rowe Price Retirement Plan Services, Inc. N/A Y Y T. Rowe Price Services, Inc. N/A Y N 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 BARCLAYS PLC N/A N/A 213800LBQA1Y9L22JB70 GB 81558527.00000000 The Goldman Sachs Group, Inc. N/A N/A 784F5XWPLTWKTBV3E584 45705882.00000000 Citigroup Inc. N/A N/A 6SHGI4ZSSLCXXQSBB395 106897052.00000000 JP MORGAN CHASE & CO. N/A N/A 8I5DZWZKVSZI1NUHU748 258389859.00000000 Bank of America Corporation N/A N/A 9DJT3UXIJIZJI4WXO774 117305665.00000000 U.S. BANCORP INVESTMENTS, INC. 008-35359 000017868 H85Z6XZP8B10ES0M2G89 91365000.00000000 The Toronto-Dominion Bank N/A N/A PT3QB789TSUIDF371261 CA 95093760.00000000 Morgan Stanley N/A N/A IGJSJL3JD5P30I6NJZ34 133430559.00000000 Wells Fargo & Company N/A N/A PBLD0EJDB5FWOLXP3B76 109105485.00000000 HILLTOP SECURITIES INC. 008-45123 000006220 549300IXU82PMU6XZT45 36012674.00000000 1170693935.00000000 N 2818344535.00000000 0.00000000 N N N N false false true false false false INTERNAL CONTROL RPT 2 g1aiii_trp_taxfree_income.htm PDFtoHTML Conversion Output

 
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, 2022, 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, 2022.

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 19, 2022

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, MD 21202-1096 T: (410) 783 7600, www.pwc.com/us