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 902.06 - Mutual Funds
Current through Register No. 12, March 21, 2024
(a) Mutual funds shall be presumed:
(b) Mutual funds not taxable under the provisions of (a) above shall not be required to:
(c) Investors in mutual funds shall be taxable if they are:
(d) Amounts received from mutualfunds by investors, which are reported and taxed federally as dividends, shall be taxable dividends except for:
(e) Amounts received from mutualfunds by investors on all investments in New Hampshire direct or municipal obligations and direct obligations of the United States Government shall be deemed to be an investment by the investor in such New Hampshire direct or municipal obligations and United States Government obligations and shall not be considered taxable dividends.
(f) Investors receiving distributions from mutual funds that invest in New Hampshire direct or municipal obligations and direct United States obligations and other types of investments shall not include as taxable dividends any amount:
(g) To rebut the presumption of its organizational status, under (a) above, a mutual fund shall present documentary evidence in a majority of the categories listed in (h) below, with respect to its organizational and operational structure.
(h) The categories evidencing non-corporate structure shall be the absence of:
(i) In instances where mutual funds are taxable under the provisions of (g) above, the distributions to investors in the mutual fund shall not be taxable dividends and the mutual fund shall:
#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 902.05 ); ss by #9658, eff 2-24-10; ss by #9843, eff 12-23-10 (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12