TITLE V
TAXATION

CHAPTER 77
TAXATION OF INCOMES

Section 77:10


[RSA 77:10 repealed by 2021, 91:99, II, effective January 1, 2025.]
    77:10 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.

Source. 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.