New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 303 - ADDITIONS AND DEDUCTIONS MADE TO GROSS BUSINESS PROFITS
Section Rev 303.04 - Interest Income Derived from Notes, Bonds and Other Securities of the United States

(a) For purposes of this section, "other securities" means a long-term indebtedness similar to a bond that can be sold or exchanged by the owner.

(b) Deposits, such as demand deposits, timed deposits or certificates of deposits, placed in financial institutions of the United States shall not be considered to be notes, bonds or other securities of the United States.

(c) Business organizations shall deduct only interest which is received directly or indirectly from direct obligations of the United States.

(d) Business organizations, upon a request from the department, shall provide documentation showing that the interest was from a direct obligation of the United States.

(e) The documentation provided in (d) above shall indicate that the obligation:

(f) Business organizations shall deduct that portion of interest from US obligations represented by gross business profits, net of business expenses relating to the obligation as provided in RSA 77-A:4, II.

(g) Interest received on obligations from organizations where the United States guarantees, but is not the principal obligor of the debt, shall not qualify for the deduction provided in RSA 77-A:4, II.