N.H. Rev. Stat. § 77:10

Current through Chapter 381 of the 2024 Legislative Session

Section 77:10 - [Repealed effective 1/1/2025] Income From Trusts and Foundations

Interest and dividend income received by trusts and foundations treated as grantor trusts under section 671 of the United States Internal Revenue Code shall be included in the return of their grantor, to the extent that the grantor is an inhabitant or resident of this state. Income reported by, and taxed federally as interest or dividends to, a trust or foundation beneficiary who is an individual inhabitant or resident of this state with respect to distributions from a trust or foundation that is not treated as a grantor trust under section 671 of the United States Internal Revenue Code shall be included as interest or dividends in the return of such beneficiary and subject to taxation in accordance with the provisions of this chapter.

RSA 77:10

Amended by 2023, 79:88, eff. 7/1/2023.

Amended by 2023, 79:87, eff. 7/1/2023.

Repealed by 2021 , 91: 99, eff. 1/1/2025, applicable to taxable periods beginning 1/1/2025.

Amended by 2017 , 257: 48, eff. 10/1/2017.

Amended by 2012 , 286: 5, eff. 6/27/2012.

1923, 65:8. PL 65 :10. RL 78:10. RSA 77:10. 1994, 178:2, eff. May 23, 1994. 2012, 286 : 5 , eff. June 27, 2012. 2017, 257 : 48 , eff. Oct. 1, 2017.