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 903.03 - Measurement of Non-Cash Distributions
Universal Citation: NH Admin Rules Rev 903.03
Current through Register No. 12, March 21, 2024
In instances where property, other than cash, is distributed as a dividend, the computation of the dividend amount received by the shareholder shall be:
(a) Determined by the property's fair market value as of the date of the distribution;
(b) Limited to the amount of the organization's accumulated profits; and
(c) Reduced by the amount of any of the organization's liabilities assumed by the shareholder in connection with such distribution.
#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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