N.H. Code Admin. R. Rev 301.15 - Enterprises as are expressly made exempt

Current through Register Vol. 42, No. 14, April 7, 2022

"Enterprises as are expressly made exempt", as referenced in RSA 77-A:1, I, means:

(a) Entities exempt from taxation under section 501 of the IRC; and
(b) Does not mean business organizations which, for federal income tax purposes, serve as conduits either in whole or in part for the real owners such as, but not limited to:
(1) Partnerships;
(2) Single member limited liability companies;
(3) Subchapter S corporations;
(4) Qualified subchapter S subsidiaries;
(5) Grantor trusts;
(6) Real estate investment trusts;
(7) Real estate trusts; or
(8) Regulated investment companies.


N.H. Code Admin. R. Rev 301.15

#4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06

Amended byVolume XXXV Number 06, Filed February 12, 2015 , Proposed by #10758, Effective 1/16/2015, Expires1/16/2025.

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