Section Rev 2402.04 - Grantor Trusts(a) The grantor of a grantor trust shall include the compensation, interest, and dividends of the grantor trust within its own business enterprise value tax base.(b) For purposes of both the business enterprise value tax base and the apportionment factor in instances where a grantor trust has only a portion of its activity considered business activity, the grantor trust shall only be required to report the compensation, interest, and dividends associated with the business activity portion of the business enterprise's activities.(c) The exclusion provided by RSA 77-E:1,VI(f), shall apply to a grantor trust that is subject to taxation under section 641 or described in section 664 of the IRC to the extent that such grantor trust limits its activities to personal investment activities as described in Rev 2401.09.(d) When a grantor of a grantor trust has no other activity beyond that of the grantor trust subject to the business enterprise tax, the grantor trust shall be deemed to be a business enterprise and the grantor is required to report the compensation, interest and dividends of the grantor trust.N.H. Admin. Code § Rev 2402.04
INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07
New. #9065, eff 1-10-08
Amended by Volume XXXVI Number 06, Filed February 11, 2016, Proposed by #11032, Effective 1/29/2016, Expires 1/29/2026.