ARTICLE
25 September 2012

Taxation Of Grantor Trusts To Be Eliminated

The Legislature has eliminated taxation of certain trusts under the interest and dividends tax for taxable periods ending on or after December 31, 2013.
United States Tax

The Legislature has eliminated taxation of certain trusts under the interest and dividends tax for taxable periods ending on or after December 31, 2013. Under the new law, interest and dividend income received by trusts treated as grantor trusts will be included in the return of their grantor to the extent that the grantor is an inhabitant or resident of New Hampshire. L. 2012, S326 (c. 286).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More