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 903.06 - Sequence of Distributions
Universal Citation: NH Admin Rules Rev 903.06
Current through Register No. 12, March 21, 2024
All actual distributions shall be presumed to be sequentially made from:
(a) The current year profit of the organization;
(b) The organization's accumulated profits; and
(c)The capital of the organization.
#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 #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
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