New Hampshire Revised Statutes 77:4-d – Special Rule for Qualified Investment Companies, Mutual Funds, and Unit Investment Trusts
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Notwithstanding any other provision of N.H. Rev. Stat. § 77:4, the following income items shall not be treated as dividends or interest income taxable under this chapter:
I. Amounts accruing to the holder of an ownership interest in a qualified investment company, as defined in N.H. Rev. Stat. § 77-A:1, XXI, or a mutual fund or investment income earned or distributions received by the holder of an ownership interest in a unit investment trust, which qualified investment company, mutual fund, or unit investment trust invests solely in New Hampshire tax-exempt tax anticipation notes, bond anticipation notes, and other instruments exempt under New Hampshire law.
II. Amounts reported and taxed federally as capital gains to the holder of an ownership interest in a qualified investment company, as defined in N.H. Rev. Stat. § 77-A:1, XXI, a mutual fund, or a unit investment trust.
I. Amounts accruing to the holder of an ownership interest in a qualified investment company, as defined in N.H. Rev. Stat. § 77-A:1, XXI, or a mutual fund or investment income earned or distributions received by the holder of an ownership interest in a unit investment trust, which qualified investment company, mutual fund, or unit investment trust invests solely in New Hampshire tax-exempt tax anticipation notes, bond anticipation notes, and other instruments exempt under New Hampshire law.
Terms Used In New Hampshire Revised Statutes 77:4-d
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
II. Amounts reported and taxed federally as capital gains to the holder of an ownership interest in a qualified investment company, as defined in N.H. Rev. Stat. § 77-A:1, XXI, a mutual fund, or a unit investment trust.