New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 301 - DEFINITIONS
Section Rev 301.16 - Enterprises as are Expressly Made Exempt

Universal Citation: NH Admin Rules Rev 301.16

Current through Register No. 13, March 27, 2025

"Enterprises as are expressly made exempt", as referenced in RSA 77-A:1, I, means:

(a) Entities exempt from taxation under section 501 of the IRC; and

(b) Does not mean business organizations which, for federal income tax purposes, serve as conduits either in whole or in part for the real owners such as, but not limited to:

(1) Partnerships;

(2) Single member limited liability companies;

(3) Subchapter S corporations;

(4) Qualified subchapter S subsidiaries;

(5) Grantor trusts;

(6) Real estate investment trusts;

(7) Real estate trusts; or

(8) Regulated investment companies.

#4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06

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