New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 900 - INTEREST AND DIVIDENDS TAX
Part Rev 902 - RESIDENCY AND TAXABILITY OF SPECIAL ENTITIES
Section Rev 902.05 - Treatment of Mutual Funds and Their Investors
Universal Citation: NH Admin Rules Rev 902.05
Current through Register No. 12, March 21, 2024
The taxation of mutual funds and their investors under RSA 77, except such funds that are qualified investment companies under RSA 77-A:1, XXI, and their holders, shall be determined by the status of the investor's shares or interests as either:
(a) Shares which are transferable, in which case:
(1) The mutual
fund shall not be subject to the tax; and
(2) The individual investors shall be taxable
and required to file tax returns; or
(b) Shares which are not transferable, in which case:
(1) The mutual fund shall be
taxable and required to file tax returns; and
(2) The individual investors shall not be
subject to the tax as to the interest and dividend income received by the fund
until distributed.
#4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04 (from Rev 902.04 ); ss by #10211, eff 10-24-12
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