N.H. Code Admin. R. Rev 301.16 - Enterprises as are Expressly Made Exempt
"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.
Notes
#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
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