New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 900 - INTEREST AND DIVIDENDS TAX
Part Rev 903 - INCLUSIONS AND EXCLUSIONS TO INCOME
Section Rev 903.01 - Forgiveness of Debt
Universal Citation: NH Admin Rules Rev 903.01
Current through Register No. 12, March 21, 2024
Forgiveness, in whole or in part, of a shareholder's or interest-holder's debt by the organization shall be a dividend to the shareholder or interest-holder for purposes of the interest and dividends tax to the extent of that organization's accumulated profits.
#2228, eff 12-28-82; ss by #2881, eff 10-19-84; ss by #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; ss by #10211, eff 10-24-12
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