TAXATION OF INCOMES
[RSA 77:4 repealed by 2021, 91:99, II, effective January 1, 2027.]
77:4 What Taxable.
Income of the following described classes is taxable:
I. Interest from bonds, notes, money at interest, and from all debts due the person to be taxed, except interest from notes or bonds of this state and notes or bonds of any political subdivision of this state.
II. Dividends, other than stock dividends paid in new stock of the company issuing the same, on shares in all corporations and joint stock companies organized under the laws of any state, territory, or nation.
III. Dividends, other than stock dividends paid in new stock of the partnership, limited liability company, or association issuing the same, on shares in partnerships, limited liability companies, or associations the beneficial interest in which is represented by transferable shares.
IV. Dividends, other than that portion of a dividend declared by corporations to be a return of capital and considered by the federal internal revenue service to be such, the exemption of which is permitted by RSA 77:7.
V. Amounts reported and taxed federally as dividends or interest to a holder of an ownership interest in a qualified investment company as defined in RSA 77-A:1, XXI, a mutual fund, or a unit investment trust.
Source. 1923, 65:2. PL 65:3. 1933, 184:1. RL 78:3. RSA 77:4. 1977, 240:1. 1983, 405:1. 1985, 164:1. 1991, 67:8. 1993, 313:4. 1995, 188:3. 1998, 163:1. 2004, 143:8. 2009, 144:277. 2010, Sp. Sess., 1:51. 2011, 181:4, eff. June 14, 2011. 2012, 286:4, eff. June 27, 2012.