New Hampshire Revised Statutes 77:3 – Who Taxable
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I. Taxable income is that income received from interest and dividends during the tax year prior to the assessment date by:
(a) Individuals who are inhabitants or residents of this state for any part of the taxable year whose gross interest and dividend income from all sources, including income from a qualified investment company pursuant to N.H. Rev. Stat. § 77:4, V, exceeds $2,400 during that taxable period.
(b) Partnerships, limited liability companies, and associations, the beneficial interest in which is not represented by transferable shares, whose gross interest and dividend income from all sources exceeds $2,400 during the taxable year, but not including a qualified investment company as defined in N.H. Rev. Stat. § 77-A:1, XXI, or a trust comprising a part of an employee benefit plan, as defined in the Employee Retirement Income Security Act of 1974, section 3.
(c) Executors deriving their appointment from a court of this state whose gross interest and dividend income from all sources exceeds $2,400 during the taxable year.
II. No person shall be subject to tax under N.H. Rev. Stat. Chapter 77 solely due to its holding an ownership interest in a qualified investment company as defined in N.H. Rev. Stat. § 77-A:1, XXI.
(a) Individuals who are inhabitants or residents of this state for any part of the taxable year whose gross interest and dividend income from all sources, including income from a qualified investment company pursuant to N.H. Rev. Stat. § 77:4, V, exceeds $2,400 during that taxable period.
Terms Used In New Hampshire Revised Statutes 77:3
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(b) Partnerships, limited liability companies, and associations, the beneficial interest in which is not represented by transferable shares, whose gross interest and dividend income from all sources exceeds $2,400 during the taxable year, but not including a qualified investment company as defined in N.H. Rev. Stat. § 77-A:1, XXI, or a trust comprising a part of an employee benefit plan, as defined in the Employee Retirement Income Security Act of 1974, section 3.
(c) Executors deriving their appointment from a court of this state whose gross interest and dividend income from all sources exceeds $2,400 during the taxable year.
II. No person shall be subject to tax under N.H. Rev. Stat. Chapter 77 solely due to its holding an ownership interest in a qualified investment company as defined in N.H. Rev. Stat. § 77-A:1, XXI.